Pakistan Exports Increase 13.55% in Fiscal Year

Pakistan's exports have increased significantly, rising by $1.29 billion, or 13.55%, during the first four months of the fiscal year, totaling $10.88 billion. The textile sector, responsible for $6 billion in exports, saw notable growth in ready-made garments and woolen garments, while food exports surged by 22% to $2.36 billion, driven primarily by rice and sugar. Exports to Afghanistan skyrocketed by 51%, with sugar exports to the country experiencing an extraordinary increase of 1,447%. The U.S. remains Pakistan's top export destination, with an 18.5% rise in exports to $575.89 million in October. Meanwhile, exports to China fell by 20.2%, contrasting with growth in other markets such as the U.K. and Germany. Overall, these trends reflect a diversification in Pakistan's export portfolio and a growing global demand for its products.