{"id":24272,"date":"2024-02-01T22:02:53","date_gmt":"2024-02-01T17:02:53","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=24272"},"modified":"2024-02-01T22:02:53","modified_gmt":"2024-02-01T17:02:53","slug":"pakistans-exports-surge-by-26-9-to-2-786-bln-on-month-on-month-basis","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/pakistans-exports-surge-by-26-9-to-2-786-bln-on-month-on-month-basis\/","title":{"rendered":"Pakistan&#8217;s exports surge by 26.9% to $2.786 Bln on Month-on-Month Basis"},"content":{"rendered":"<p>Pakistan&#8217;s export sector has shown remarkable growth, with exports surging by 26.9% to $2.786 billion in January 2024 compared to $2.195 billion in the same period last year. This positive development was announced by the caretaker Minister for Commerce and Industries Gohar Ejaz.<\/p>\n<p>In contrast, imports during January 2024 witnessed a slight decrease of 4.5% to $4.665 billion from $4.884 billion in January 2023. This decline in imports contributed to narrowing the trade deficit, which stood at $1.879 billion in January 2024, down from $2.689 million in January 2023.<\/p>\n<p>The cumulative figures for the fiscal year highlight a consistent upward trajectory in exports, reaching $17.766 billion, marking a significant 12% increase from $15.831 billion in the previous fiscal year. Meanwhile, imports experienced a notable contraction of -16%, declining to $30.010 billion compared to $35.836 billion in the corresponding period of the previous fiscal year.<\/p>\n<p>Caretaker Minister <a href=\"https:\/\/twitter.com\/Gohar_Ejaz1\">Gohar Ejaz<\/a> expressed optimism about the country&#8217;s economic prospects, attributing the positive trends to the government&#8217;s steadfast commitment to promoting trade and economic growth. He emphasized the implementation of policies aimed at supporting exporters, diversifying the export base, and enhancing trade facilitation.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-aims-to-export-5-billion-worth-of-smartphones-by-2029.html\">Pakistan aims to export $5 billion worth of smartphones by 2029<\/a><\/strong><\/em><\/p>\n<p>In a statement shared on social media platform X, formerly known as Twitter, the minister reaffirmed Pakistan&#8217;s dedication to achieving its trade goals and establishing itself as a prominent participant in the global economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan&#8217;s export sector has shown remarkable growth, with exports surging by 26.9% to $2.786 billion in January 2024 compared to $2.195 billion in the same period last year. This positive development was announced by the caretaker Minister for Commerce and Industries Gohar Ejaz. In contrast, imports during January 2024 witnessed a slight decrease of 4.5% [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":24273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[9514,9562,11290,11291],"class_list":["post-24272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-economic-stability","tag-gohar-ejaz","tag-pakistan-export","tag-pakistan-import"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/24272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=24272"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/24272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/24273"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=24272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=24272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=24272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}