KARACHI: According to preliminary estimates authorized by the National Accounts Committee (NAC), the nominal GDP of Pakistan has surpassed $400 billion for the first time, marking a symbolic milestone for the country’s economy.
For the current fiscal year, the committee predicted GDP growth of 2.68%, bringing the size of the economy to Rs114.7 trillion (about $411 billion).
Sohail Mohammed, CEO of brokerage firm Topline Securities, called it a “notable recovery” in his LinkedIn post despite ongoing macroeconomic challenges. He emphasized that over the previous five years, the nominal GDP in US dollars has increased at a compound annual growth rate (CAGR) of 9.3%.
