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Pakistan Exports Jump 10% Amid Growing Trade Deficit

2/4/2025

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Summary

Story summary

Pakistan's exports surged by 10% to $19.55 billion in the first seven months of FY2024-25, while imports climbed 6.95% to $33.04 billion, leading to a trade deficit of $13.49 billion. In January 2025 alone, exports reached $2.92 billion, marking a 4.59% year-on-year growth despite the expanding trade gap.

History

Historical Context

Pakistan's recent export growth echoes historical trade patterns, notably the post-1980s economic reforms that aimed to boost manufacturing. As global markets shifted, countries like Pakistan faced trade deficits, reminiscent of the U.S. challenges in the 1980s, highlighting the ongoing struggle between export growth and import reliance.

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Story summary

Pakistan's exports surged by 10% to $19.55 billion in the first seven months of FY2024-25, while imports climbed 6.95% to $33.04 billion, leading to a trade deficit of $13.49 billion. In January 2025 alone, exports reached $2.92 billion, marking a 4.59% year-on-year growth despite the expanding trade gap.

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