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Pakistan Increases Exports 14% With SIFC Assistance: Declines in High-Duty Imports Despite Upward Export Trends

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Pakistan’s exports have increased dramatically since the beginning of the current fiscal year thanks to the Special Investment Facilitation Council. The Pakistan Bureau of Statistics reports that during the same period previous year, exports increased by 14%.

There was a 620 million dollar increase in exports to 5.1 billion dollars in August 2024. At the beginning of the fiscal year 2024–25, Pakistan’s trade deficit decreased by 4.2%, from 3.751 billion dollars to 3.6 billion dollars, thanks in part to this growth.

Nonetheless, there was a 1.3% annual decline in the importation of high-duty products like cars, appliances, and necessities like clothing and shoes.

As a result, the Government is taking steps to stabilize the economy and boost exports with support from SIFC.
To boost exports and promote economic expansion, a trade liberalization strategy has been finalized.

It is anticipated that by encouraging export expansion, reviving the industrial sector, and offering manufacturers financial incentives, these initiatives will increase economic stability.

Pakistan’s external debt has decreased recently thanks in part to the actions of the government.

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Iranian President Offers Condolences for Kurram Terrorist Attack

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Masoud Pezeshkian, the president of Iran, has expressed his sorrow for the recent terrorist assault in Pakistan that claimed dozens of lives and denounced the crime.

The Iranian president said that all types of terrorism must be denounced in a statement. In addition to the relatives of the attack victims, he sent his sympathies to the people and government of Pakistan.

“I will stand by its friendly and brotherly country, Pakistan, and will seriously pursue the fight against terrorism to enhance security and stability in the region,” he added.

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It’s unfortunate that political points were scored. Claims Against Saudi Arabia Show a Desperate Attitude: Dar

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According to Senator Mohammad Ishaq Dar, the deputy prime minister and foreign minister, accusing Saudi Arabia of gaining political points is a sign of a desperate attitude.

In response to the PTI founder’s spouse’s remarks on Saudi Arabia, the Deputy Prime Minister stated, “Pakistan and Saudi Arabia are close friends and brothers.”

According to Dar, Saudi Arabia’s path of growth and prosperity is something they greatly admire. The nation of Pakistan takes pride in its strong ties with Saudi Arabia, which has supported it no matter what.

He said it is unfortunate and shows a desperate attitude to “implice Saudi Arabia for petty political point scoring.”

In order to prevent any political forces from jeopardizing Pakistan’s foreign policy, the deputy prime minister of their political objectives.”

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Examining Drug Mafia: Balochistani Smuggling Operation Started

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Two drug dealers were detained and an international narcotics deal was thwarted in Balochistan by government institutions.

A significant amount of crystal ice was taken from the individuals who were arrested.

The 70 kg of illegal goods that were found are valued about $1 million on the global market.

The arrested person’s cell phone also yielded contact information for the international drug gangs from Afghanistan and Britain.

The Pakistan Security Forces are dedicated to making the nation drug-free.

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