Pakistan’s Exports to Europe surge to $3.8 billion in FY2024-25’s first five months

Pakistan’s exports to Europe have risen to $3.8 billion, marking an 8.62 percent increase in the first five months of the current fiscal year 2024-25.

This growth is driven by the efforts of the Special Investment Facilitation Council and is primarily attributed to key sectors such as textiles, leather, garments, sports goods, and surgical instruments.

In a significant development, the European Parliament extended Pakistan’s GSP Plus status until 2027 in October 2023. The GSP Plus program provides preferential market access and exempts certain goods from duties, benefiting developing countries like Pakistan.

Furthermore, Minister of State for Information Technology and Telecommunication, Shaza Fatima Khawaja, noted that Pakistan’s Information and Computer Technology (ICT) services exports had increased by 28 percent.

The increase in ICT services remittances further contributed to the overall growth in the country’s export performance.

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