Non-textile exports increase significantly during the first 4 months of the fiscal year

With the support of the Special Investment Facilitation Council (SIFC), the exports of non-textile products have experienced remarkable growth during the first four months of the current fiscal year. This development highlights the country’s economic progress and its path to stability. Non-textile exports witness increase 2024

Non-textile exports increased by an impressive 17.6%, rising to $4.73 billion from $4.02 billion in the same period last year. The improvement in value-added products, backed by SIFC, has been identified as a key factor driving this growth. This upward trend reflects renewed confidence in Pakistan’s standing in international markets.

A closer look at the figures reveals that the export of engineering products surged by 31%, showcasing notable advancements in industrial machinery, transport equipment, auto parts, and rubber tires. Meanwhile, the export of cement registered a 12% growth, further contributing to the robust performance of the sector.

Additionally, exports of jewelry and petroleum products saw extraordinary growth, ranging from 100% to 530%, demonstrating the potential of these sectors to capture international demand effectively.

This surge in non-textile exports underscores the importance of strategic initiatives such as those led by SIFC. By focusing on enhancing value-added products and fostering innovation across industries, the country is poised to achieve greater economic stability and competitiveness in global markets.

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