{"id":6351,"date":"2024-08-05T04:57:08","date_gmt":"2024-08-05T04:57:08","guid":{"rendered":"https:\/\/gsrra.com\/?p=6351"},"modified":"2024-08-05T04:57:10","modified_gmt":"2024-08-05T04:57:10","slug":"pakistan-saw-remarkable-surge-in-exports-during-fy24-while-imports-declined-state-media","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=6351","title":{"rendered":"Pakistan saw \u2018remarkable surge\u2019 in exports during FY24 while imports declined \u2014 state media\u00a0"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li>Pakistan\u2019s merchandise exports rose by 10.54 percent to $30.64 billion during FY24, says state media\u00a0<\/li>\n\n\n\n<li>South Asian country\u2019s imports fell by 0.84 percent to $54.73 billion during the last fiscal year\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Pakistan witnessed a \u201cremarkable\u201d surge in its exports during the financial year 2023-24, state broadcaster Radio Pakistan reported on Sunday, saying that official data was proof that the South Asian country\u2019s products were gaining prominence worldwide.\u00a0<\/p>\n\n\n\n<p>Grappling with a macroeconomic crisis that has depleted its fragile economy of its resources, Pakistan has sought to engage regional allies in a bid to increase investment and trade. The South Asian country has sought to enhance its exports and provide visa and trade facilities to several countries as it eyes economic growth and stability.&nbsp;<\/p>\n\n\n\n<p>Pakistan set up the Special Investment Facilitation Council (SIFC) in June 2022 to attract foreign investment in key economic sectors, particularly from Gulf countries. The hybrid civil-military forum aims to fast-track decision-making and investment.&nbsp;<\/p>\n\n\n\n<p>\u201cPakistan has witnessed a remarkable surge in exports during the financial year 2023-24 due to concerted efforts of the Special Investment Facilitation Council (SIFC),\u201d state broadcaster Radio Pakistan said in a report.\u00a0<br>\u201cAccording to the data released by the Pakistan Bureau of Statistics, Pakistan\u2019s merchandise exports rose by 10.54 percent to 30.64 billion dollars in the financial year 2023-24.\u201d<br>On the other hand, the report said Pakistan\u2019s imports fell by 0.84 percent to $54.73 billion during the last fiscal year.\u00a0<br>It credited \u201cround-the-clock\u201d efforts from the SIFC and Pakistan\u2019s commerce ministry for helping Pakistan establish new markets for the export of meat in Jordan, Lebanon, Egypt, and Uzbekistan.\u00a0<\/p>\n\n\n\n<p>The report also noted that for the first time, Pakistan\u2019s agro-exports increased by 37 percent from $5.8 billion to $8 billion.&nbsp;<\/p>\n\n\n\n<p>\u201cBy reaching this level of development, Pakistan\u2019s agricultural sector can achieve the export target of 10 billion dollars in the current financial year,\u201d Radio Pakistan said.&nbsp;<\/p>\n\n\n\n<p>\u201cThe significant increase in exports indicates the increasing importance of Pakistani products in the global market and the revolutionary initiatives of SIFC.\u201d<\/p>\n\n\n\n<p>Source:- <a href=\"https:\/\/www.arabnews.pk\/node\/2562236\/pakistan\" target=\"_blank\" rel=\"noopener\">https:\/\/www.arabnews.pk\/node\/2562236\/pakistan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan witnessed a \u201cremarkable\u201d surge in its exports during the financial year 2023-24, state broadcaster Radio Pakistan reported on Sunday, saying that official data was proof that the South Asian country\u2019s products were gaining prominence worldwide.\u00a0 Grappling with a macroeconomic crisis that has depleted its fragile economy of its resources, Pakistan has sought to engage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[1224,132,2267,105,36,1370,1069],"class_list":["post-6351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-developments-2","tag-economy","tag-exports","tag-geopolitics-2","tag-pakistan","tag-prosperity","tag-trade"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/6351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6351"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/6351\/revisions"}],"predecessor-version":[{"id":6352,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/6351\/revisions\/6352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/5388"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}