Pakistan’s exports to the United States have grown by 10.4% in the first eight months of the current financial year, according to official data. Overall, exports to North America also went up by 9.7%, reaching $4.2 billion. This is a positive sign for the country’s trade performance and economy.
The textile and garment industry remains the strongest sector in these exports. In fact, 94% of the exports to the U.S. come from this sector alone. This shows how important textiles are for Pakistan’s economy, especially when it comes to earning foreign income.
Experts say this growth happened because of better trade systems and support from the Special Investment Facilitation Council (SIFC). The SIFC has helped make trade easier and faster. At the same time, American buyers are showing more interest in Pakistani products, which is increasing demand.
Another reason behind this success is the improvement in the country’s trade policies. The government has introduced new reforms to support exporters and make it easier for them to do business internationally. These changes are starting to show real results and are helping Pakistan compete better in the global market.
This steady rise in exports, especially to a big market like the U.S., is a good sign for the future. If these efforts continue, Pakistan can further strengthen its exports and reduce its trade deficit. It will also help create jobs and support local industries.
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