ISLAMABAD: Pakistan’s exports to the United States grew by 10.4% during the first eight months of the current fiscal year, reflecting positive momentum in bilateral trade.
Official figures reveal that exports to North America surged by 9.7%, reaching a total of $4.2 billion. The textile and garment sector remained the dominant contributor, accounting for approximately 94% of total exports to the U.S., underscoring its significance in Pakistan’s export landscape.
This growth has been credited to enhanced trade facilitation measures under the Special Investment Facilitation Council (SIFC) and increasing demand for Pakistani products in the American market. Reforms in trade policy and SIFC’s strategic backing have played a crucial role in driving this upward trend.
Experts view this development as a promising sign for boosting foreign exchange reserves and supporting the revival of the export sector.
In related news, Finance Minister Muhammad Aurangzeb emphasized that Pakistan does not plan to retaliate against the tariffs imposed during the Donald Trump administration. Speaking to the BBC, he acknowledged concerns surrounding the uncertainty caused by these tariffs but stressed the importance of engaging in dialogue.
He further clarified that while Pakistan values its long-standing trade relationship with the U.S., it also places significant importance on its economic ties with China, especially amid the ongoing global trade tensions.
