Advertisement
News

Pakistan’s Exports to US Decline, Imports Show Mixed Trends

Advertisement

Pakistan’s exports of goods and services to the United States experienced a significant decline of 10.38% during the initial eight months of the fiscal year 2023-24, according to a report by the State Bank of Pakistan (SBP).

Data reveals that exports to the US amounted to US $3,626.141 million from July to February 2023-24, compared to US $4,046.337 million during the same period in 2022-23.

Similarly, exports witnessed a year-on-year reduction of 10.97% in February 2024, dropping from $476.804 million to $424.497 million. Conversely, Pakistan’s overall exports to other countries saw a positive trajectory, increasing by 10.15% in the first five months of the fiscal year.

Meanwhile, imports from the US showed a decline of 17.09% compared to the previous fiscal year, amounting to US $1,191.518 million.

Despite a year-on-year decrease in imports from the US in February 2024, there was a month-on-month increase, signaling mixed trends in trade dynamics. Overall, Pakistan’s imports experienced a decrease of 8.76%, totaling US $34.079 billion.

Advertisement
Zubair Yaqoob

Zubair Yaqoob is a senior anchor, and an investigative journalist with an impressive 37 years of experience. Zubair's journalistic journey has been marked by a relentless pursuit of truth and a commitment to delivering impactful stories. Zubair's expertise extends beyond borders, reaching as far as Malaysia, where he has left an indelible mark on the international journalism landscape. His global perspective and keen analytical skills have allowed him to navigate diverse cultural landscapes, bringing a unique and enriching perspective to his reporting. Whether he's in the studio or on the field, Zubair continues to be a driving force in the world of journalism, bridging gaps, fostering understanding, and unraveling the stories that matter most. As the Headline PK Author, Zubair remains at the forefront of news, guiding audiences through the complexities of our ever-evolving world.

Recent Posts

Pakistan Responds to India with Border Closures, Trade Suspension, and Diplomatic Expulsions

Prime Minister Shehbaz Sharif convened a high-level meeting of Pakistan’s National Security Committee (NSC) on…

18 hours ago

Indian Soldier Detained After Border Breach as Pakistan Closes Airspace and Cancels Visas

An Indian Border Security Force (BSF) soldier has been taken into custody by Pakistan Rangers…

18 hours ago

In a First for Pakistan, Senior Malaysian Banking Delegation Explores Meezan Bank’s Model for Islamic Banking Insights

Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to…

18 hours ago

OICCI express concerns over shipment delays and crippling financial losses due to highway blockade in Sindh

The six-day blockade of the National Highway in Sindh has brought local trade and industrial…

18 hours ago

Fertilizer Supply Disrupted: Sindh Blockades Threaten National Food Security

Pakistan’s fertilizer supply chain is facing severe disruptions as ongoing sit-ins and road blockades in…

18 hours ago

Khushhali Microfinance Bank Catalyzes Nationwide Financial Empowerment with Successful Conclusion of Pakistan Financial Literacy Week 2025

Khushhali Microfinance Bank (KMBL) successfully concluded its participation in Pakistan Financial Literacy Week (PFLW) 2025,…

18 hours ago