Pakistan’s Exports Rise by 14% to $5 Billion in First Two Months of FY 2024-25

Pakistan’s exports surged by 14% in the first two months of the fiscal year 2024-25, reaching $5.05 billion, compared to $4.43 billion during the same period last year, according to the Pakistan Bureau of Statistics (PBS).

Imports also saw an increase, rising by 5.67%, from $8.165 billion last year to $8.628 billion in July-August 2024. This led to a reduced trade deficit of $3.578 billion, down 4.20% from $3.735 billion in the previous year.

Year-on-year, exports in August 2024 grew by 15.93% to $2.743 billion, compared to $2.366 billion in August 2023. At the same time, imports slightly declined by 1.25%, decreasing from $4.474 billion to $4.418 billion.

Month-on-month, Pakistan's exports saw a sharp 18.90% rise in August 2024, up from $2.307 billion in July 2024. Imports also increased by 4.92%, reaching $4.418 billion from $4.418 billion in the previous month.

These positive export trends signal growing economic momentum for Pakistan, with the trade deficit gradually narrowing.