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Pakistan’s Exports Surge by 14.11% to $7.875 Billion in Q1 FY 2024-25

Deficit Grows by 20.35% to $1.780 Billion Despite Export Growth

During the first quarter of the fiscal year 2024-25 (July-September), Pakistan’s exports experienced a notable increase of 14.11%, reaching $7.875 billion compared to $6.901 billion in the same period the previous year.

However, the country also faced a growing trade deficit, which rose by 4.24% to $5.435 billion, up from $5.214 billion during the first quarter of the last fiscal year.

Data from the Pakistan Bureau of Statistics (PBS) revealed that imports during this period rose by 9.86%, totaling $13.310 billion, compared to $12.115 billion in the previous year.

In September 2024, the trade deficit further widened by 20.35% year-on-year, amounting to $1.780 billion, compared to $1.479 billion in September 2023.

Exports for September grew by 13.52% to $2.805 billion, up from $2.471 billion a year earlier.

On the other hand, imports surged by 16.08%, reaching $4.585 billion compared to $3.950 billion in September 2023.When comparing September to August 2024, the trade deficit widened by 1.89%, as it was $1.747 billion in August.

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Exports in September saw a minor increase of 1.56%, rising from $2.762 billion in August, while imports rose by 1.69%, increasing from $4.509 billion in the previous month.

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