Pakistan has set a gross domestic product growth target of 4% for the fiscal year 2027, according to Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal.
The minister announced the figure while presenting the monthly development report, noting that rising workers' remittances are providing crucial support to the economy.
5% annualized pace in the second quarter, investors are closely watching policy signals from major economies.
The 4% target reflects the government's assessment of the current economic climate and its expectations for the coming fiscal year.
Iqbal emphasized the role of external inflows, particularly remittances, in bolstering the country's foreign exchange reserves and supporting domestic demand.
This development comes as global markets monitor emerging market growth trajectories.
While the US economy expanded at a 1.5% annualized pace in the second quarter, investors are closely watching policy signals from major economies.