Pakistan’s exports surge by 14.11% in Jul-Sep 2024

The Pakistan Bureau of Statistics (PBS) has reported a significant increase in the country’s exports during the first quarter of the current fiscal year (July-September 2024-25). Exports rose by 14.11% to reach $7.875 billion, compared to $6.901 billion during the same period last year.

While exports grew, imports also increased by 9.86%, climbing from $12.115 billion last year to $13.310 billion in the current fiscal year. Consequently, the trade deficit expanded by 4.24%, with a deficit of $5.435 billion compared to $5.214 billion in the same months of the previous year.

In September 2024, exports increased by 13.52% year-on-year, reaching $2.805 billion, while imports grew by 16.08% to $4.585 billion. On a month-on-month basis, both exports and imports showed slight growth, with exports rising by 1.56% and imports by 1.69% compared to August 2024.

This data highlights both the country’s expanding export sector and its growing reliance on imports, contributing to the widening trade deficit.

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