Pakistan’s exports to the United States increased by 10.4% during the first eight months of current year, driving largely from strong performance on textile products and clothing, infected with a report published on the PTV World Website.
Total exports to North America amounted to $ 4.2 billion in the July-February period of FY25, up 9.7% on an annual basis.
The increase was led by the textile sector, which represented about 94% of total exports to the US, underlining the constant importance of the industry for the Pakistan trade balance.
Employees believed the development of government trade reforms and efforts to facilitate the Special Investment Facility Council (SIFC), which attempted to rationalize investment and export procedures.
Increasing exports is considered as a welcome development for Pakistan’s foreign exchange position, which remains under pressure despite recent stock improvements.
Analysts say the increase marks a gradual recovery in the country’s export sector and reflects the growing demand for Pakistani goods in basic markets abroad.
Further commercial profits could depend on global economic conditions and ongoing structural improvements in export infrastructure, they added.
In addition, remittances in Pakistan are expected to have reached a record of $ 4.1 billion in March, the Pakistani State Bank (SBP) governor on Monday, marking the renewed financial impulse after the fiscal crisis.
Speaking to the Pakistan Stock Exchange, Ahmad said foreign exchange stocks are expected to exceed $ 14 billion by June, helping to increase input from overseas Pakistanis and improve the balance of payments.
Removals rose to $ 3.12 billion in February, increased by 40% annually and increased by 3.8% months per month. The total inputs for the first nine months of FY25 (July -March) amounted to $ 28.07 billion, an increase of 33% from the same period last year.
According to the AKD Securities Stock Exchange, March’s inflows were mainly from Saudi Arabia ($ 987 million), the UAE ($ 842 million), the United Kingdom ($ 684 million) and the US ($ 419 million).
Ahmad added that Pakistan faced $ 26 billion in external debt obligations of FY25, but about $ 16 billion from it was expected to be converted or refinished, relaxing short -term pressure.
Despite the degraded agricultural period, the SBP ruler said GDP growth was likely to decline to 2.5-3%, below possible 4.2% had expectations for agriculture production.
Ahmad also declined a significant decline in inflation, calling on the March’s Consumer Price (CPI) reading of 0.7% on an annual “historic” basis-lower than December 1965.
The decline in inflation was exceeded the expectations of the Ministry and the Ministry of Finance, which were forecasts between 1% and 1.5%. It was largely attributed to the reduced rates of wheat, perishable foods and electricity charges.
Pakistan faced a deep financial crisis in 2023, causing a $ 7 billion rescue from the International Monetary Fund. The IMF predicts that Pakistan’s GDP growth is gradually increasing to 4.5% by 2029.
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