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KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmed on Monday presented an upbeat outlook for the economy, revising the GDP growth forecast upward ranging 3.75-4.75 percent for FY26, and indicated that SBP’s foreign exchange reserves are expected to reach an all-time high of USD 20.2 billion by the end of December 2026.

Addressing a press conference followed the Monetary Policy Committee (MPC), he informed that real GDP grew by 3.7 percent y/y in Q1 of FY26 as compared to 1.6 percent in the corresponding period last year (FY25), indicating a notable pickup in economic activity, mainly led by the industry and agriculture sectors.

Moreover, recent outturns of high frequency indicators (HFIs) suggest that this momentum continued in the second quarter of the current fiscal year.

Auto sales, domestic cement dispatches, POL sales (excluding furnace oil), fertilizer off-take, and imports of machinery and intermediate goods recorded a notable growth, suggesting sustained domestic demand.

Consistent with these trends, LSM posted a growth of 8 percent y/y and 10.4 percent y/y in October and November 2025, respectively, raising cumulative LSM growth to 6 percent during July-November FY26, he added.

Meanwhile, in the agriculture sector, latest information on sowing and satellite imagery points towards encouraging prospects for the wheat, cotton and maize crop. These favourable developments in the commodity-producing sectors are expected to provide further impetus to the services sector.

كراتشي: حقق المستقلون الباكستانيون أكثر من 500 مليون دولار أمريكي من إيرادات العملات الأجنبية خلال النصف الأول من السنة المالية الحالية (FY26)، مما يعكس القوة المتزايدة للاقتصاد الرقمي في البلاد وازدياد الطلب العالمي على القوى العاملة الماهرة في باكستان.
وفقًا للإحصاءات التي أصدرتها بنك الدولة الباكستاني (SBP)، ارتفعت إيرادات التصدير التي حققها المستقلون في خدمات الكمبيوتر والمعلومات إلى 557 مليون دولار أمريكي خلال الفترة من يوليو إلى ديسمبر من السنة المالية 26 مقارنة بـ 352 مليون دولار أمريكي من العملات الأجنبية التي حققتها مجتمع المستقلين خلال فترة مماثلة من السنة المالية الماضية (FY25)، مما يدل على نمو مذهل بنسبة 58 في المئة على أساس سنوي.

KARACHI: Pakistani freelancers earned over USD500 million foreign exchange earnings during the first half of the current fiscal year (FY26), reflecting the growing strength of the country’s digital economy and the expanding global demand for Pakistan’s skilled workforce.
According to statistics released by the State Bank of Pakistan (SBP), the export receipts earned by freelancers of computer and information services surged to USD557 million during the July-December of FY26 as compared to USD352 million foreign exchange earned by freelancers’ community during a similar period of the last financial year (FY25), showing a staggering 58 percent year-on-year growth.
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KARACHI: Pakistani freelancers earned over USD500 million foreign exchange earnings during the first half of the current fiscal year (FY26), reflecting the growing strength of the country’s digital economy and the expanding global demand for Pakistan’s skilled workforce.
According to statistics released by the State Bank of Pakistan (SBP), the export receipts earned by freelancers of computer and information services surged to USD557 million during the July-December of FY26 as compared to USD352 million foreign exchange earned by freelancers’ community during a similar period of the last financial year (FY25), showing a staggering 58 percent year-on-year growth.