Commodity exports swell to $2.74bn

Merchandise exports increased nea­rly 16 per cent to $2.74 billion in August from $2.36bn in the corresponding month last year, according to data relea­sed by the Pakistan Bureau of Statistics (PBS) on Tuesday. The growth momentum picked pace in August owing to improved orders from the international community and stability in the exchange rate. In July, the exports grew 11.83pc. On a month-on-month basis, exports saw a hefty increase of 18.9pc in August from the preceding month. The export proceeds reached $5.05bn in July-August FY25 from $4.43bn over the last year, an increase of 14pc.