Pakistan pushes export reform with new trade intelligence

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MG News | August 01, 2025 at 12:45 PM GMT+05:00

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August 1, 2025 (MLN): Pakistan is to establish country-specific export plans, a real-time Trade Alert System, and AI-powered trade intelligence tools as part of a comprehensive strategy to sustain and accelerate export growth.

 The government also plans to revitalize Sectoral Export Councils and develop a national strategy for services exports particularly in ICT, freelancing, and creative industries aiming to strengthen Pakistan’s global trade position amid persistent economic headwinds.

These measures were discussed during a high-level Trade Review Committee meeting chaired by Federal Minister for Commerce Jam Kamal Khan, where Pakistan’s trade performance for FY2024–25 and forward-looking strategies were assessed.

Despite ongoing global challenges including geopolitical uncertainty, tariff tensions, and slowing demand in key markets Pakistan’s exports rose to $31.75 billion in FY25, compared to $30.76bn the previous year.

The growth was largely driven by the strong performance of value-added and non-traditional sectors.

Textile and apparel exports led the charge, with knitted garments increasing by 15%, woven garments up 16%, and home textiles posting a 9% rise.

Non-traditional sectors also saw remarkable gains, with tobacco and cigarette exports soaring by 135%, plastic products rising by 17%, and cement exports growing by 25%.

Pharmaceuticals and ICT-related services continued to gain traction showing a gradual shift in Pakistan’s export composition.

On the import side, capital goods saw a 24% increase, signaling a revival of industrial activity and improving business confidence. It was noted that the surge in capital imports aligns with broader indicators of domestic economic recovery.

Minister Jam Kamal Khan praised the resilience of Pakistan’s trade ecosystem and reiterated the government’s commitment to supporting exporters through smarter policymaking, improved market intelligence, and increased global engagement.

He emphasized that trade remains central to Pakistan’s economic transformation, industrial diversification, and job creation strategy.

The Ministry ended the session by reaffirming its resolve to expand market access, enhance bilateral and multilateral cooperation, and ensure that future trade policy is rooted in innovation, data-driven decision-making, and private sector collaboration.

Copyright Mettis Link News

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