Pakistan achieves historic milestone in exports

Pakistan has achieved a historic milestone in exports and trade growth as a result of Special Investment Facilitation Council’s economic and trade strategies.

In January, Pakistan’s exports exceeded three billion dollars for the first time.

According to data from the Pakistan Bureau of Statistics, a remarkable increase in exports and a significant reduction in imports have led to a reduction in the trade deficit.

In the first seven months of the fiscal year, total exports amounted to eighteen billion dollars.

According to Advisor to the Finance Minister Khurram Schehzad the largest share of Pakistan’s exports comes from the textile sector, which has shown strong improvement in the value-added segment in January compared to December.

He said significant improvement has also been seen in the exports of key sectors such as sports goods, chemicals, pharmaceuticals, cement and engineering goods.

In January, Pakistan’s trade deficit reduced from thirty five percent to about twenty eight percent on a six-month basis.