Aaj English TV

Wednesday, January 08, 2025  
07 Rajab 1446  

Pakistan’s exports surge to $16.5b in first half of FY 2024-25

In December 2024, exports amounted to $2.841 billion
A ship carries containers at the Gwadar port, some 700 kms west of Karachi, Pakistan, on November 13, 2016. AFP/File
A ship carries containers at the Gwadar port, some 700 kms west of Karachi, Pakistan, on November 13, 2016. AFP/File

Pakistan’s exports reached $16.5 billion in the first six months of the fiscal year 2024-25, reflecting a 10.52% increase compared to $14.9 billion during the same period last year, according to official data.

In December 2024, exports amounted to $2.841 billion, showing a slight increase of 0.28% over November’s figures. From July to November, exports totalled $13.6 billion, indicating a robust growth rate of 12.5%.

The sustained growth in exports is attributed to broader economic stability measures introduced in the current fiscal year.

The latest trade statistics reveal a consistent upward trajectory in Pakistan’s external trade, with monthly export values demonstrating steady improvement throughout the latter half of 2024.

The positive export performance aligns with government initiatives aimed at enhancing the country’s trade position and promoting economic stability through increased international trade engagement.

The government is providing incentives and trade facilitation to promote exports. The increase in exports is proving beneficial for stabilizing the economy and boosting foreign exchange reserves.

Pakistan has invited global investors to take advantage of opportunities within the country.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

economy

Finance

sifc

ministry of finance