Pakistan’s exports held steady at $5.11 billion during the first two months of fiscal year 2025-26, according to a high-level review meeting chaired by the Minister for Commerce. The performance was hailed as a sign of resilience amid global economic turbulence.

The textile and apparel industry once again led the way, recording a 10 percent increase and reaffirming its position as the backbone of the country’s export economy.

Trade data showed notable gains in non-traditional markets, with exports to Africa climbing 9 percent and South Asia up 7 percent, while shipments to North America and the European Union remained stable. Officials credited the ministry’s strategy of expanding into emerging markets without losing ground in established destinations.

Imports also rose, largely due to higher demand for energy, raw materials, and food items. The minister framed the increase not as a weakness but as evidence of stronger domestic activity.

He argued that this trend creates opportunities for investment in local production and supports the government’s “Make in Pakistan” initiative aimed at reducing dependency on imports.

Looking ahead, the minister outlined a roadmap to strengthen trade performance further. Priorities include diversifying exports into high-value and non-traditional sectors, developing import substitution strategies, boosting competitiveness through integration into global value chains, and accelerating value addition in textiles, agriculture, and manufacturing.

Commending exporters for their resilience, the minister reaffirmed the government’s commitment to support the business community, secure new markets, and sustain growth momentum.

The meeting concluded with a pledge that the Ministry of Commerce will remain focused on building a diversified, globally competitive trade sector to drive economic growth and create jobs in the years ahead.

By admin