Exports rise to $31.75b despite global headwinds

Federal Minister for Commerce Jam Kamal Khan chaired a high-level meeting of the Trade Review Committee on Friday to assess Pakistan’s trade performance for FY2024–25.

The meeting brought together senior officials from the ministry to evaluate sector-wise progress and set forward strategies amid global trade challenges, according to an official statement.

Despite facing global headwinds, including tariff tensions, slowing major markets, intensifying price competition, and geopolitical uncertainty, Pakistan’s exports rose to $31.75 billion, up from $30.76 billion in FY2023–24. This growth was driven by strong performance in value-added and emerging sectors.

The textile and apparel sector led the gains, with knitted garments up 15%, woven garments rising 16%, and home textiles increasing by 9%. Growth was also seen in non-traditional exports as tobacco and cigarettes jumped 135%, plastic products rose 17%, and cement exports increased 25%. Pharmaceuticals and ICT-related services also showed steady growth. The commerce minister praised the resilience of these sectors, especially the gains in non-traditional exports, calling them vital to long-term trade sustainability. On the import side, capital goods rose by 24%, signalling renewed industrial activity and improving consumer confidence.

To sustain and build on this momentum, Kamal Khan issued several strategic directives. These include country-specific export plans with a focus on non-traditional and emerging markets, and the creation of a Trade Alert System to respond in real-time to global disruptions such as SPS/TBT concerns and trade remedy measures.

The commerce ministry will also revitalise Sectoral Export Councils to ensure effective consultation with the private sector and evidence-based policymaking. Adoption of artificial intelligence and data analytics will guide smarter trade intelligence and global marketing. A national strategy for services exports will also be developed, with focus on ICT, freelancing, and the creative economy.

Speaking at the meeting’s conclusion, Kamal Khan said Pakistan’s export performance reflects the resilience and adaptability of its trade ecosystem.