Exports to US grow to $6.3b in 2024

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said the US is one of the few countries in the world with which Pakistan enjoys a bilateral trade surplus, and Pak-US trade volume crossed the $7 billion mark in 2023 and continues to increase in 2024 as it has crossed $6.3 billion in the first 10 months. "From the perspective of the business, industry and trade community, we believe that this volume can potentially be doubled within a short span of a few years, given the demand for Pakistani products in the US, surging information technology exports and anticipated diversification of Pakistani export basket for the US," he said, according to a statement released by the FPCCI on Tuesday. Ambassador of Pakistan to the US Rizwan Saeed Sheikh stressed that Pakistan has a very large and influential diaspora of 1 million Pakistani-Americans in the US, Pakistan is the largest importer of American cotton in the world, 40,000 Pakistani doctors are working in America, 5,000 Pakistani nursing staff will soon be exported to the US and pharmacists are expected to follow.