Exports to Europe rise 10pc in July-February

Pakistan’s exports to European countries grew 9.41 per cent in the first eight months of the current fiscal year from a year ago, mainly due to higher shipments to western and southern states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $5.921 billion in July- February FY25 from $5.412bn last year, according to data compiled by the State Bank of Pakistan. The export resurgence was due to a slight increase in demand for Pakistani goods in western, eastern and northern Europe. The revival of export proceeds to these countries shows a rising trend for Pakistani textile and clothing products. In FY24, Pakistan’s exports to the EU dipped 3.12pc to $8.240bn despite its GSP+ status, which allows duty-free entry into most European markets.