ISLAMABAD: Pakistan’s exports have recorded a fourteen percent increase at the start of the current fiscal year because of the facilitation of the Special Investment Facilitation Council (SIFC).
According to the Pakistan Bureau of Statistics, the exports in the month of August 2024, reached US 5.1 billion dollars showing a rise of US 620 million dollars.
The increase in exports also resulted in the decline of the country’s trade deficit from US 3.751 billion dollars to US 3.6 billion dollars, recording a decline of 4.2 percent.
Imports of high-duty items such as vehicles, home appliances, and other consumer items including fabrics, garments, and footwear dropped by 1.3 percent annually during the last month.
Pakistan’s foreign debts have also seen a drop during the past few months because of the government’s measures to strengthen the economy.
The efforts of the government under the facilitation of the Special Investment Facilitation Council for the improvement of the economic development of the country are commendable.
