Pakistan’s Exports Experience Modest Growth

News Desk

ISLAMABAD: Pakistan’s merchandise exports have recorded a modest growth of 8.52% in the first four months of the current fiscal year (FY27), reaching $11.34 billion from $10.45 billion during the same period last year, according to the Pakistan Bureau of Statistics (PBS).

However, this growth comes amid a widening trade deficit driven by a 12.59% surge in imports, which now stands at $14.63 billion.

Export growth has been particularly sluggish in key markets such as the Middle East and Europe, largely attributed to the ongoing conflict in the region.

Additionally, the closure of the Afghan market, valued at over $1.5 billion, since October 2025 has further compounded the challenges faced by exporters.

Finance ministry officials are actively exploring measures to bolster exports, especially from small and medium enterprises, as exporters voice concerns over high operational costs stemming from elevated energy prices.

In October alone, export proceeds saw a slight increase of 2.84%, totaling $2.93 billion compared to $2.85 billion in the same month last year.

This indicates a concerning trend of stagnation in the country’s export performance, which could have broader implications for the economy, particularly in terms of foreign exchange reserves and overall economic stability.

Looking ahead, the government is expected to convene meetings aimed at addressing the challenges faced by exporters and implementing strategies to enhance export competitiveness.

The focus will likely remain on reducing the cost of doing business and exploring new markets to mitigate the impact of current geopolitical tensions.