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.
