ISLAMABAD:
Pakistan accomplished a wonderful lift in its products during the financial year 2023-2024, driven by the endeavors of the Unique Speculation Help Gathering (SIFC), as per information delivered by the Pakistan Department of Measurements (PBS),
The nation’s commodity of merchandise took off by 10.54%, coming to $30.64 billion, contrasted with the earlier year.
Exports increased, but imports decreased by 0.84 percent, from $55.19 billion to $54.73 billion, which is good news for economic expansion.
The 20 percent increase in exports of meat and meat products to $512 million, the highest level ever recorded, was a significant highlight. Jordan, Uzbekistan, Lebanon, and Egypt became new markets for meat exports thanks to the SIFC and the Ministry of Commerce.
A historic rise in agro-exports, from $5.8 billion to $8 billion, occurred in the agricultural industry. This included exports of $3.8 billion worth of rice, $410 million worth of sesame seeds, $421 million worth of corn, and $224 million worth of onion.
With this expansion, Pakistan’s agricultural sector may be able to meet its export goal of $10 billion for this year.
IT services exports made a significant contribution as well, bringing in $2.925 billion in foreign exchange over the course of 11 months. Software consulting grew by 13.57 percent, hardware consulting by 17.12 percent, and computer services exports by 26.72 percent.
