Pakistan Sets Record Exports and Remittances in Current Fiscal Year and Even Higher Growth in the Next Fiscal Year
Pakistan’s Ministry of Finance has predicted record-high exports and remittances for the current fiscal year, with even stronger growth in the forthcoming fiscal year (FY2025 -26).
Sources have indicated that exports are projected to hit $36.12 billion for the next fiscal year, and remittances are foreseen to cross $37 billion.
For the current financial year, exports are likely to exceed the government’s target of $32.34 billion to around $32.98 billion. Remittances are also likely to exceed the target of $30.28 billion to about $35.24 billion.
Compared to the last financial year, exports were at $30.97 billion and remittances were at $30.25 billion.
The Ministry has also estimated imports for the upcoming fiscal year to be at $66.25 billion, whereas imports for this year would cross the target of $57.28 billion at $58.98 billion per year. Imports for the previous year were $53.56 billion.
This improvement indicates the sound performance of Pakistan’s economy, with good growth in exports and remittances.
