With the support of the Special Investment Facilitation Council (SIFC), Pakistan’s exports have increased sharply by 14% since the beginning of the current fiscal year. The country’s merchandise exports increased to $5.1 billion in August 2024, up $620 million from the same period the previous year, according to the Pakistan Bureau of Statistics.
The increase in exports has helped to lower Pakistan’s trade deficit, which was $3.751 billion in the first quarter of fiscal year 2024–25 but dropped by 4.2% to $3.6 billion.
The strategic actions of the government, bolstered by the backing of SIFC, have been important in this economic recovery. A recently finalized plan for trade liberalization aims to increase exports and encourage economic growth through innovation.
