Govt sees positive economic trend in export rise

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MG News | August 08, 2025 at 10:46 AM GMT+05:00

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August 8, 2025 (MLN): Pakistan's exports have reached $2.7 billion in the first month of the new fiscal year which showed a 17% increase compared to July last year.

A 9% growth from the previous month has also been recorded, signaling a positive trend in the country’s economic trajectory.

Prime Minister Muhammad Shehbaz Sharif expressed satisfaction over the development, calling it a highly encouraging sign for the national economy. He emphasized that export-led growth remains the topmost priority of his government.

Further crediting the rise in exports to the government’s prudent economic policies and strategic reforms, he noted that the key indicators are steadily moving in the right direction.

He praised the efforts of the government’s economic team and reaffirmed the administration's commitment to increasing exports, promoting investment, and creating a business-friendly environment.

Shehbaz Sharif also highlighted improvements in port operations due to the implementation of a faceless customs assessment system, and described the growing tax-to-GDP ratio as a positive development while pointing to the improvement in Pakistan’s credit ratings by international financial institutions and the record bullish trends in the Pakistan Stock Exchange as clear indicators of economic stability.

The Prime Minister added that the government is actively facilitating overseas Pakistanis to further enhance remittance inflows, which remain a vital part of the country’s economy.

However, despite the rise in exports, Pakistan’s tradedeficit widened to $2.75bn in July 2025, showing a 16.02% increase from the previous month. Imports also surged by 12.37% to $5.45bn, driven by the easing of earlier policy restrictions and a gradual revival in domestic demand.

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