Due to stable currency rates and better orders from the global community, the economic trend accelerated in July. Exports increased by 11.83 percent in July, 16 percent in August, and 13.52 percent in September.
In September of last year, exports were $2.47 billion, whereas they hit $2.81 billion this year. Month over month, exports increased by a pitiful 1.56 percent.
International consumers have switched to Pakistan for their apparel orders instead of Bangladesh and China. It makes it possible for exporters from Pakistan to profit from and seize the market.
Trade deficit grows to $5.44 billion.
Patron-in-chief of the Pakistan Textile Exporters Association Khurram Mukhtar stated that if problems with taxes and liquidity had been fixed, exports might have increased by 25%.
