Pakistan’s exports witness 14% increase in start of current FY

Pakistan's exports have witnessed fourteen percent increase in the beginning of current fiscal year due to the facilitation of Special Investment Facilitation Council (SIFC). According to Pakistan Bureau of Statistics, in the month of August 2024, the exports reached 5.1 billion dollars showing an increase of 620 million dollar. The increase in exports also resulted in decline of country's trade deficit from 3.751 billion dollar to 3.6 billion dollar, recording a decrease of 4.2 percent. Imports of high-duty items such as vehicles, home appliances, and other consumer goods including garments, fabrics and footwear fell by 1.3 percent annually during the last month. Pakistan's foreign debts have also witnessed a drop during the past few months due to government measures to strengthen economy. The government efforts under the facilitation of Special Investment Facilitation Council for improvement of economic development of the country are certainly commendable. Source: Radio Pakistan