Remarkable Growth in Non-Textile Exports with Support from SIFC

Date:

December 23, 2024

Remarkable Growth in Non-Textile Exports with Support from SIFC

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In the first four months of the current fiscal year, non-textile exports have seen a significant increase, thanks to the effective facilitation provided by the Special Investment Facilitation Council (SIFC).

Step Towards Economic Stability

SIFC’s efforts have led to a 17.6% increase in exports, rising from $4.02 billion to $4.73 billion, signaling positive signs of economic stability. The key factor behind this growth has been the improvement in value-added products.

Restoring Global Confidence

This positive trend in exports reflects growing international confidence in Pakistani products, which is encouraging for the national economy.

Sector Performance

Engineering Products: The engineering sector recorded a 31% increase, including exports of industrial machinery, transport equipment, auto parts, and rubber tires.
Cement: Cement exports saw a 12% rise.
Jewelry and Petroleum Products: Exports of jewelry and petroleum products witnessed an extraordinary increase ranging from 100% to 530%.

Future Outlook

With continued support from SIFC and the expansion of value-added products, Pakistan’s exports are expected to further improve, playing a pivotal role in the country’s economic stability.

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