Islamabad: Pakistan’s Planning Minister, Ahsan Iqbal, has outlined a comprehensive approach to revitalizing the nation’s economy, emphasizing export-led growth, fiscal responsibility, and provincial development. The minister presented these strategies during the Monthly Development Update for October 2026, highlighting an increase in exports and planned economic reforms.
According to Press Information Department, merchandise exports grew by 7.7 percent to $8.5 billion in the first quarter of FY2026-27, with a notable 22.8 percent rise in services exports. The minister underscored the significance of expanding export capacity and reducing reliance on remittances. He called for the establishment of provincial export boards to identify competitive products and connect local producers with global markets.
Economic indicators showed a 3.7 percent GDP growth in FY2025-26, with targeted growth of 4 percent for the current fiscal year. Imports of goods rose by 14.3 percent, while the current account deficit widened slightly. Iqbal addressed inflation concerns, noting a decrease from 11.1 percent in August to 10.3 percent in September, and stressed the need for prudent economic management in response to global uncertainties.
Development funding for Khyber Pakhtunkhwa’s newly merged districts was increased, with Rs118 billion allocated under the Accelerated Implementation Programme over the past four years. A steering committee was established to ensure funds directly benefit local communities, with a focus on police infrastructure and solar energy projects.
Ahsan Iqbal advocated for governance reforms, emphasizing the need for stronger local governments to enhance public service delivery. He also stressed the importance of energy-sector reforms, lower electricity tariffs for industries, and the development of a quantum technology ecosystem to boost productivity and competitiveness.
The minister reiterated the government’s commitment to sustainable growth through URAAN Pakistan’s framework, focusing on exports, technology, energy, and equitable development across the country.