Pakistan exports touched $3 billion in January
Business
Pakistan’s exports surpassed $3 billion in January for the first time, as reduced imports narrowed the trade deficit and boosted foreign exchange earnings, according to official data.
ISLAMABAD: Pakistan crossed a historic milestone in January as exports exceeded $3 billion for the first time, reflecting improved trade performance and stronger economic activity.
According to the Pakistan Bureau of Statistics, the surge in exports, coupled with a notable decline in imports, helped narrow the country’s trade deficit. Exports reached $3 billion during the month, while imports fell to approximately $5.5 billion.
On a monthly basis, exports recorded a sharp increase of nearly 35 percent, while imports declined by around 5 percent, further easing pressure on the trade balance.
During the first seven months of the current fiscal year, cumulative exports stood at $18 billion, while imports were recorded at $40 billion.
Officials said the growth in exports and strengthening trade activity signal a positive outlook for Pakistan’s economy, contributing to higher foreign exchange inflows, job creation, and greater economic stability.
