Islamabad, Sep 10: Thanks to the support of the Special Investment Facilitation Council (SIFC), Pakistan’s exports have increased by 14% since the start of the current fiscal year. The Pakistan Bureau of Statistics reports that in August 2024, exports were 5.1 billion dollars, indicating a 620 million dollar rise.
The country’s trade imbalance decreased by 4.2 percent, from 3.751 billion dollars to 3.6 billion dollars, as a result of the growth in exports. The past month saw a 1.3 percent annual decline in imports of high-duty products, including cars, appliances, and other consumer goods like clothing, textiles, and shoes.
A decrease in Pakistan’s foreign debt has also occurred in recent months as a result of government initiatives to boost the country’s economy. It is unquestionably praiseworthy that the government is working to enhance the nation’s economic development through the Special Investment Facilitation Council.
