Pakistan's exports have shown substantial growth at the beginning of fiscal year 2024-25, with the Strategic Investment Facilitation Council (SIFC) playing a key role in enhancing global market access for Pakistani products.
In July 2024, exports to the United States reached $476.017 million, marking a 7.26% increase compared to the same month last year. The United Arab Emirates became the second-largest export destination, with a 7.74% year-on-year growth.
Exports to the United Kingdom and China stood at $183.303 million and $160.100 million respectively, securing the third and fourth positions. Afghanistan saw a significant rise in exports, nearly doubling from $46.262 million in July last year to $88.065 million, attributed to effective anti-smuggling measures.
Other key export destinations included Germany, Netherlands, Italy, Spain, Saudi Arabia, and Turkey, with a combined export volume of $553.951 million.
The increasing trust in Pakistani products across major international markets indicates a positive direction for the national economy. This improved global market access has been made possible through the efforts of SIFC and the government.
The growth in exports, facilitated by SIFC, is expected to contribute to the stability of Pakistan's economy.
