ISLAMABAD: Key economic targets for the upcoming fiscal year were approved during the Annual Plan Coordination Committee (APCC) meeting, chaired by Federal Minister Ahsan Iqbal. According to the approved plan, the Balochistan government will spend Rs. 280 billion on development projects in fiscal year 2025-26.
The APCC meeting was convened to set major economic goals for the upcoming fiscal year. Sources revealed that a GDP growth target of 4.2% has been proposed, with a total development expenditure plan of Rs. 1,000 billion.
Compared to the previous year, provinces will collectively spend Rs. 609 billion more on development.
The federal government plans to borrow Rs. 270 billion externally to fund its development schemes, while the four provinces are expected to raise Rs. 802 billion through foreign loans.
Punjab will allocate Rs. 1,190 billion, Sindh Rs. 887 billion, Khyber Pakhtunkhwa Rs. 440 billion, and Balochistan Rs. 280 billion for development.
The committee also proposed a 7.5% inflation target and a 4.5% growth target for the agriculture sector.
Key crop targets, including wheat and rice, are set at 6.7%, cotton ginning at 7%, and livestock at 4.2%. The industrial sector’s growth target is proposed at 4.4%, with large-scale manufacturing at 3.5%, mining at 3%, and utilities (electricity, gas, water supply) at 3.5%.
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Construction is expected to grow by 3.8%, while the services sector target is set at 4%. National savings are projected at 14.3% of GDP, and total investment at 14.7%. The current account deficit target is 0.4%, with public investment at 3.2% and private investment at 9.8% of GDP.
