Pakistan’s exports increased by 14.42 per cent during the first two months of the current fiscal year, according to a recent report by the Pakistan Bureau of Statistics.
Moreover, from July to August, exports surpassed $5 billion, driven by strong performances in key sectors.
Food exports played a critical role, with a 42.39 per cent rise, contributing over $1 billion to the total export volume. This increase was largely due to higher exports of rice, fruits, vegetables, and meat.
Pakistan’s exports surged by 14.42 per cent in the first two months of FY, by the Food and Textile Sectors
In addition, the textile sector also saw a positive boost, with exports growing by 5.37 per cent, generating $2.91 billion. Items like cotton fabrics, garments, and knitwear were among the top performers.
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Other sectors that contributed to the export growth included petroleum products, leather goods, chemicals, and medicines. The engineering sector, with exports of electric fans, transport equipment, and auto parts, also showed promise.
Despite the overall positive trend, some sectors saw declines, including cement, furniture, fish, and cotton yarn exports.
Meanwhile, Pakistan’s food import bill dropped by 18 per cent, reducing to $1.06 billion, reflecting a significant decline in the import of milk, tea, soybean, and palm oil.
