Pakistan’s exports to the United States increased by 10.4% over the first eight months of the current financial year, which was largely driven by robust performance in textiles and garments indicating a report published on the state PTV World site.
Total exports to North America reached $ 4.2 billion in the July-February period on FY25, marking an increase of 9.7% year by year.
The wave was led by the textile sector, which accounted for approx. 94% of total exports to the United States, which emphasized the continued importance of the industry to Pakistan’s trade balance.
Officials credited to the growth of government reforms and relief efforts from Special Investment Facilitation Council (SIFC), which has tried to streamline investment and export processes.
Uptick in exports is considered a welcome development for Pakistan’s currency position, which remains under pressure despite the recent improvements in reserves.
Analysts say the increase signalizes a gradual improvement in the country’s export sector and reflects the growing demand for Pakistani goods in the most important overseas markets.
Additional trade gains could depend on global economic conditions and continued structural improvements in export infrastructure, they added.
In addition, transfers to Pakistan are expected to have reached a record $ 4.1 billion in March, said the State Bank of Pakistan (SBP) Governor Jameel Ahmad on Monday and signaled re -financial momentum in the wake of last year’s fiscal crisis.
When he spoke on Pakistan Stock Exchange, Ahmad said currency reserves were expected to surpass $ 14 billion in June, helped by increasing influx from overseas Pakistanis and improved balance of payments.
Transfers rose to $ 3.12 billion. In February, an increase of 40% year by year and increased by 3.8% month to month. Total influx for the first nine months of FY25 (July – March) amounted to $ 28.07 billion, an increase of 33% from the same period last year.
According to broker AKD Securities, the influx of March was primarily from Saudi -Arabia ($ 987m), UAE ($ 842m), UK ($ 684m) and USA ($ 419m).
Ahmad added that Pakistan was facing foreign debt obligations of $ 26 billion. In FY25, but about $ 16 billion Herte was expected to be rolled over or refinanced, which ease pressure in the short term.
Despite an under -priesting agricultural season, the SBP Governor said the GDP growth would probably fall in the range of 2.5-3%, down from a potential 4.2%, agricultural production had met expectations.
Ahmad also noted a significant decline in inflation and called March’s Consumer Price Index (CPI) reading of 0.7% year to year “historically” the lowest since December 1965.
The drop of surprise in inflation exceeded the expectations of the market and the Ministry of Finance, which had predicted between 1% and 1.5%. It was largely attributed to falling prices for wheat, perishable foods and electricity fees.
Pakistan was facing a deep economic crisis in 2023, which received a $ 7 billion save. From the International Monetary Fund. The IMF predicts Pakistan’s GDP growth to gradually rise to 4.5% by 2029.
