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.
Prime Minister Shehbaz Sharif convened a high-level meeting of Pakistan’s National Security Committee (NSC) on…
An Indian Border Security Force (BSF) soldier has been taken into custody by Pakistan Rangers…
Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to…
The six-day blockade of the National Highway in Sindh has brought local trade and industrial…
Pakistan’s fertilizer supply chain is facing severe disruptions as ongoing sit-ins and road blockades in…
Khushhali Microfinance Bank (KMBL) successfully concluded its participation in Pakistan Financial Literacy Week (PFLW) 2025,…
This website uses cookies.