Friday, September 20, 2024

Pakistan’s Exports Rise by 10.65%, Reached $30 Billion Last Year

Pakistan’s exports saw a significant increase of nearly $3 billion in the last financial year, growing by 10.65%. The total export volume reached $30.66 billion, highlighting the country’s strong trade performance.

The food sector was a standout, with exports hitting a record $7.36 billion. This included a 46% surge in the export of items like rice, fruits, vegetables, meat, spices, and oilseeds.

The textile sector, which is a major part of Pakistan’s economy, also did well. Exports in this sector topped $16.65 billion, showing a slight increase of 0.93%.

The chemical sector contributed positively too, with an 8% rise in exports, totaling around $1.5 billion. Cement exports were another bright spot, increasing by 40.36% to reach $266.5 million.

These positive trends in exports highlight the resilience and diversification of Pakistan’s economy. Various sectors have contributed to this growth, demonstrating the effectiveness of the government’s efforts to improve trade policies and promote exports. The success in boosting exports from multiple sectors reflects a balanced and robust economic approach.

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