Pakistan’s exports climbed to US$31.75 billion in Fiscal Year 2024-25, a rise from US$30.76 billion the previous year, despite persistent global trade difficulties, according to a Trade Review Committee meeting held today.
Commerce Minister Jam Kamal Khan led the meeting, which gathered senior ministry figures to examine sector-by-sector advancement and plan future strategies.
The increase was mainly fueled by the strong showing of value-added and emerging industries, overcoming obstacles such as tariff disputes, slowdowns in key markets, heightened price rivalry, and geopolitical instability.
The textile and apparel industry made significant contributions, with knitted garments rising by 15%, woven garments by 16%, and home textiles by 9%. Non-traditional sectors also excelled, with tobacco and cigarettes registering a dramatic 135% surge, plastic products growing by 17%, and cement exports by 25%. Pharmaceuticals and ICT-related amenities continued their upward trajectory.
Minister Khan commended the performance, emphasizing the significance of diversified exports for Pakistan”s long-term trade sustainability. A 24% rise in capital goods imports suggests renewed industrial activity and increasing consumer trust.
Minister Khan directed the development of nation-specific export strategies, focusing on emerging markets. A Trade Alert System is to be established for real-time responses to global trade disruptions. Sectoral Export Councils will be revitalized for private sector involvement. The adoption of AI and data analytics for trade intelligence and marketing is planned. Finally, a comprehensive national strategy for services exports, particularly ICT, freelancing, and creative industries, is prioritized.
Minister Khan concluded by stating the export growth demonstrates Pakistan’s trade ecosystem”s resilience. He reiterated the government”s commitment to supporting businesses, expanding market access, and utilizing all available trade frameworks. The meeting concluded with a strong reaffirmation of the Ministry”s commitment to building a resilient and competitive export base.