Pakistan’s exports surge 9% in 8MFY2023-24
Pakistan’s exports have seen an encouraging 9.05% growth during the first eight months (July-Feb) of the ongoing fiscal year FY2023-24, compared to the same period of the last fiscal year.
According to the latest data released by the Pakistan Bureau of Statistics (PBS), the country’s total exports reached $20.360 billion in July-February FY24, compared to $18.670 billion during the same timeframe last year.
However, the monthly figures provided by PBS show varying trends. Overall exports in February 2024 were recorded at $2.583 billion, a decrease of 7.49% month-on-month (MoM) as of January’s $2.792 billion exports.
On a yearly basis, there was an 18% increase in exports of $2.189 billion in February 2023.
on the flip side, the textile group, the main driver of Pakistan’s export revenue, experienced a slight decrease of 0.65% in exports during the first eight months (July-Feb) of the ongoing fiscal year FY203-24.
Textile exports were recorded at $11.145 billion in July-February of FY24 compared to $11.218 billion in the same period of the previous fiscal year FY2022-23.
