Exports reached $5.1 billion showing an increase of $620 million


Karachi: Pakistan's exports have witnessed 14 percent increase in the beginning of the current fiscal year due to the facilitation of the Special Investment Facilitation Council (SIFC).
According to the Pakistan Bureau of Statistics, in August 2024, the exports reached 5.1 billion dollars showing an increase of 620 million dollars.
The increase in exports also resulted in the decline of the country's trade deficit from $3.751 billion to $3.6 billion, 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 SIFC for the improvement of the economic development of the country are certainly commendable.
China shows extreme concerns over border clashes between Pakistan, Afghanistan
- 12 hours ago
In Jerusalem, Trump hails ‘historic dawn of a new Middle East’ after Gaza ceasefire deal
- 12 hours ago
Pakistan, Türkiye, Azerbaijan pledge stronger parliamentary ties for regional peace, prosperity
- 13 hours ago

Pakistan, Saudi Arabia sign MoU to strengthen anti-corruption, asset recovery cooperation
- 7 hours ago

Is America on the brink?
- 13 hours ago

After Lahore, religious party protests, and arson in Karachi
- 14 hours ago

Windows 10 support ends on October 14
- 13 hours ago
Ex-Pakistan Test cricketer Wazir Mohammad dies at 95
- 11 hours ago

Private Hajj scheme bookings to close at midnight on Friday
- 7 hours ago
.jpg&w=3840&q=75)
Gaza Ceasefire Agreement Signed by U.S., Egypt, Türkiye, and Qatar
- 7 hours ago

Pak-Afghan tensions: KSE-100 loses over 5,300 points
- 13 hours ago

PM Shehbaz reaffirms Pakistan’s support for Palestine in high-level meetings at Sharm El-Sheikh Peace Summit
- 8 hours ago