BMP raises concerns over declining exports to EU

Pakistan’s export sector is facing mounting pressure as shipments to key European markets show signs of stagnation, despite continued access under the GSP+ scheme. The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has raised serious concerns over the declining momentum, warning that without immediate corrective measures, the country risks losing its competitive edge in global markets. BMP Chairman and former FPCCI President Mian Anjum Nisar stated that Pakistan’s exports to the European Union grew only marginally by 0.95 percent to USD 6.122 billion during July to February of fiscal year 2025-26, a figure that remains largely stagnant when adjusted for inflation and rising costs.