Islamabad (Commerce Desk): As a result of SIFC’s economic and trade strategies, Pakistan has reached a historic milestone in exports and trade growth. In January, exports exceeded $3 billion for the first time, contributing to increased foreign exchange reserves, expanded employment opportunities, and enhanced economic self-reliance.
According to the Pakistan Bureau of Statistics, exports recorded a historic 35% increase, while imports declined by approximately 5%, significantly reducing the trade deficit. Imports in January stood at around $5.5 billion.
During the first seven months of the fiscal year, total exports reached $18 billion and imports $40 billion, strengthening the country’s trade position.
