According to Pakistan’s “Business Record” report on June 26, judging from the performance of this fiscal year, Pakistan’s exports showed no signs of improvement compared with the same period last year. In the first 11 months, 213 The export volume of US$100 million remained at last year’s level, and exports actually fell by 1.7% in May. This shows that export growth is weak under the current background of currency depreciation and supportive policies. But this cannot be blamed solely on inaction on the part of exporters or governments. The article stated that the current global trade environment is not good, especially the continued shrinking of demand in Pakistan’s main export destinations, which has an objective inhibitory effect on Pakistan’s exports. At the same time, although Pakistan’s export volume has not increased significantly, the quality of Pakistan’s exports has indeed improved compared with a year ago. The export volume of products with high added value in the textile industry has increased significantly, with double-digit growth in garment manufacturing, knitwear, and bedding. In the field of food exports, Basmati rice exports are expected to hit a six-year high by the end of this fiscal year. Pakistan’s exports are expected to gradually improve over the next 12 months and achieve the export target of US$25 billion.
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