The Pakistan government failed to meet its export target for the fiscal year 2024–25.  According to data released by the Pakistan Bureau of Statistics (PBS), the volume of exports during the fiscal year 2024-25 stood at $32.106 billion, falling short of the government’s target of $32.341 billion.  Meanwhile, the country’s total imports reached $58.38 billion, exceeding the official target of $57.283 billion.

As a result, the annual trade deficit amounted to $26.274 billion, surpassing the projected gap of $24.941 billion.  Despite missing the targets, exports showed a year-on-year growth of 4.67%, while imports recorded a 6.57% increase.  The larger-than-expected import volume and the shortfall in exports contributed to the widening of the trade deficit, posing continued challenges for the government’s external account management. 

Credit: Independent News Pakistan (INP)