KARACHI:

The State Bank of Pakistan (SBP) has trimmed its FY26 growth outlook, warning that devastating floods will keep real GDP expansion near the lower end of its earlier 3.25%–4.25% forecast range. Private sector analysts, however, paint an even bleaker picture, with Topline Securities revising its projection to just 2.75%–-.25%, down from 3.5%–4.0%, amid widespread agricultural losses and mounting macroeconomic pressures.

Topline Securities has cut Pakistan's economic growth forecast for FY26, warning that floods and heavy rains have disrupted agriculture and are likely to weigh on broader macroeconomic indicators. The revised outlook comes days ahead of the International Monetary Fund's (IMF) second semi-annual review of the country's $7 billion Extended Fund Facility (EFF) on Sept

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