ISLAMABAD (Rizwan Abbasi): Pakistan’s exports witnessed a remarkable increase during the first two months of the current fiscal year 2024-25 — July and August — providing a significant boost to the national economy.
According to sources within the Commerce Ministry, exports to Singapore saw an astonishing 585% surge, while exports to Kazakhstan recorded a substantial 528% growth.
Exports to the Philippines also increased by 148%, opening new opportunities for Pakistani exporters. During the same period, exports to the United Arab Emirates increased by 56%, Sri Lanka by 50%, Afghanistan by 42%, and Bangladesh by 34%.
Furthermore, exports to Oman grew by 35%, while Saudi Arabia saw a 24% rise. Exports to the United States increased by 12.5%, Italy by 12.6%, Germany by 12.3%, and the United Kingdom by 5.4%, indicating a notable upward trend.
Sources revealed that during July-August 2024, the highest volume of Pakistani exports was to the United States, amounting to $980 million, followed by the United Kingdom at $370 million, and China at $310 million. Exports to the UAE reached $293.5 million, while Germany recorded $280 million in exports.
This growth in exports is expected to accelerate Pakistan’s economic development, providing new and diverse market opportunities for exporters.
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