ISLAMABAD (MNN); Pakistan recorded a major economic milestone in January as its monthly exports exceeded $3 billion for the first time, reflecting stronger trade performance and improving economic indicators.
Data issued by the Pakistan Bureau of Statistics showed that higher exports along with lower imports significantly helped narrow the trade deficit. Exports during the month stood at $3 billion, while imports declined to around $5.5 billion.
On a month-on-month basis, exports increased by nearly 35 percent, whereas imports fell by about 5 percent, providing additional support to the country’s trade balance.
During the first seven months of the current fiscal year, Pakistan’s total exports reached $18 billion, while imports amounted to $40 billion.
Economic analysts and government officials described the rising export trend as a positive signal, citing potential gains in foreign exchange reserves, job creation, and greater economic stability.
