As a result of the Special Investment Facilitation Council’s initiatives, Pakistan’s exports rose by 14% at the beginning of the fiscal year.
In August 2024, exports increased by 620 million dollars to 5.1 billion dollars, according to the Pakistan Bureau of Statistics. As of the start of the fiscal year 2024–2025, the trade deficit has dropped by 4.2% to 3.6 billion dollars from 3.751 billion dollars.
August saw a 1.3% year-over-year decline in imports of high-duty products, such as automobiles, appliances, and consumer goods.
The government is attempting to stabilize the economy and increase exports with the help of SIFC. Through increasing exports and innovation, a new trade liberalization plan seeks to foster economic growth.
