The Pakistan Bureau of Statistics reports that since the beginning of the current fiscal year, Pakistan’s exports have climbed by 14%. Better government initiatives made possible by the Special Investment Facilitation Council (SIFC) are responsible for this expansion.
Exports came to $5.1 billion in August 2024, up $620 million from the same month the previous year. The trade deficit of Pakistan has dropped by 4.2%, from $3.751 billion to $3.6 billion at the start of the 2024–25 fiscal year, thanks in part to the increase in exports.
In August, the nation also witnessed a 1.3% year-over-year decline in imports of high-duty goods like automobiles, home appliances, and other necessities like clothing, textiles, and shoes.
