Exports remain robust, rise 27% in Jan

Federal Minister of Interior, Commerce and Industries Dr Gohar Ejaz has announced that Pakistan’s exports remained highly positive in January 2024 as shipments to overseas markets increased 26.9% to $2.786 billion as compared to $2.195 billion in January 2023. Imports, however, decreased 4.5% to $4.665 billion in January against $4.884 billion in the corresponding month of last year. Consequently, the country’s trade deficit significantly narrowed to $1.879 billion in January as compared to $2.689 billion in January last year. “This is a substantial improvement from last year,” the commerce minister remarked while citing the contraction in trade gap, according to a statement issued by the Ministry of Commerce on Thursday.