Pakistan’s exports up 9.98% to $19.551 billion in first seven months of FY 2024-25

Pakistani exports show substantive growth of 9.98 percent during the first seven months (July-January) of current fiscal year 2024-25, reaching $19.551 billion compared to $17.777 billion during the same period of last fiscal year (2023-24).

However, the trade deficit expanded by 2.84 percent during the first seven months (July–January) of the current fiscal year compared to the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).

The data indicates that the trade deficit for the first seven months of the fiscal year reached $13.488 billion, up from $13.116 billion in the corresponding period of the previous year.

Also read: Pakistan to get soft loan, oil deferral facility from Saudi Arabia totaling $1.61 billion

Meanwhile, the country’s imports grew by 6.95 percent, reaching $33.039 billion in the July–January period of the 2024–25 fiscal year, compared to $30.893 billion during the same period last year.