Pakistan, February 01, 2024 : Federal Minister for Interior Commerce and Industries, Dr. Gohar Ejaz is pleased to announce the positive trend in Pakistan’s exports. The Minister said, “Alhamdolillah, Pakistan’s Exports in Jan 2024 have increased by 26.9% to $2.786 billion from $2.195 billion in Jan 2023.”
The imports during the same period decreased by 4.5% to $4.665 billion from $4.884 billion. The trade deficit narrowed to $1.879 billion in January 2024 from $2.689 billion in January 2023. This is a substantial improvement from last year.
Robust trade performance during Jul-Jan 2024:
Pakistan’s global trade figures for the period Jul 2023-Jan 2024 show that Pakistan is steadily expanding its international trade footprint. Exports totaled $17.766 billion, up 12% from $15.831 billion during the same period in the previous Financial Year.
Imports contracted by -16% to $30.010 billion as compared to $35.836 billion in same period in the last Financial Year. The overall trade deficit has decreased by -39% to $12.244 billion as compared to $20.005 in the previous year.
In absolute terms, during Jul-Jan 2024, Exports increased by almost $2 billion, Imports decreased by about $6 billion, while the trade deficit contracted by $7.8 billion.
The minister said, “These positive trends reflect our government’s unwavering commitment to promoting trade and economic growth. We will continue to implement policies that support our exporters, diversify our export base, and enhance trade facilitation. I am confident that Pakistan is on the right track to achieving its trade goals and becoming a leading player in the global economy.”
