Textile exports see slight growth in FY24 amid tough fiscal measures

Textile and clothing exports increased by 0.93% YOY to $16.55 billion by the end of FY2023-24; declined by 3.91% MoM to $1.41 billion in June 2024

Pakistan exceeds export target with $30.64 billion in FY24

Trade deficit narrows by 12.36%; imports down 0.84%; exports rise 10.54% in July-June FY2023-24

Govt considers 2.5% income tax on entire trading chain

Proposal targets non-filers from manufacturers to retailers to boost tax revenue

IMF forecasts Pakistan’s trade deficit to reach $27bn next fiscal year

Global lender predicts the country’s imports to be $60.48 billion while exports are estimated to be $32.56 billion 

Pakistan’s exports to seven regional countries increase by 20% in 10MFY24

Exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Nepal, and the Maldives accounted for $3.655 billion while imports recorded $10.925 billion 

Import bill surges to $17.9bn in H2FY24, reflecting eased restrictions

Following IMF directives, Pakistan's SBP eases import restrictions, causing a noticeable rise in import bills

Pakistan, Turkiye agree to increase bilateral trade to $5bn

Dar highlights strong defense ties and mutual support in regional conflicts at joint press conference with Turkish FM

FTA under review to enhance Pakistan’s export footprints in China

The review aims to enhance trade agreement's benefits for Pakistan, focusing on expanding export opportunities to China through increased tariff concessions and extended product coverage

PM directs formulation of trade policies to boost exports, business sector

Sharif has mandated the development of new trade policies aimed at bolstering the business sector and increasing competitiveness of Pakistani exports

Trade deficit with Middle East shrinks as oil imports fall

Exports to Kuwait saw a modest increase of 1.97% to $97.31m in 9MFY24, contrasting with a decline in imports by 35.68% to $1.37bn

Saudi Arabia pledges strategic economic partnership with Pakistan

KSA's Deputy Investment Minister Ibrahim Almubarak highlights economic potential of Pakistan, citing demography, location, and natural resources as key factors that make the country a high priority investment destination

Pakistan’s food exports up by 48% to $5.6bn in 9MFY24

Rice exports increased by 83% to $2.930 billion from July to March FY2023-24, PBS data shows

Textile sector exports rise by 3% YoY to $1.3bn in March

APTMA data shows this sector recorded exports of $12.44 billion in nine months of FY2023-24, slightly down by 0.3% 

Pakistan’s trade deficit widens by 56% YoY in March

Trade deficit shrinks by 25% to $17.030 billion in nine months of FY2023-24 

Services sector’s trade deficit declines 52% MoM in February

Services exports drop by 1.36% YoY to $5.08 billion in 8MFY24