Pakistan’s exports to the United States have surged by 10.4% during the first eight months of the current fiscal year, signaling a positive trend for the country’s export economy and foreign exchange reserves.
According to official data, overall exports to North America rose by 9.7%, reaching $4.2 billion. A significant share—approximately 94%—of these exports comprised textiles and garments, reaffirming the sector’s critical role in driving Pakistan’s export performance.
The increase is largely attributed to improved trade facilitation and a rise in demand for Pakistani products in the U.S. market. Government-led trade policy reforms and the active involvement of the SIFC have been instrumental in supporting this growth trajectory.
Analysts view the export uptick as a hopeful indicator for stabilizing Pakistan’s economy and strengthening its foreign exchange reserves.
In related developments, Finance Minister Muhammad Aurangzeb has addressed concerns surrounding tariffs imposed by the administration of former U.S. President Donald Trump.
In an interview with the BBC, Aurangzeb confirmed that while Pakistan is concerned about the impact of those tariffs, it has no intention of responding with retaliatory measures.
“These tariffs have certainly added a layer of uncertainty, but we must focus on dialogue and cooperation to navigate this evolving global landscape,” the finance minister stated.
When asked about Pakistan’s position amid ongoing U.S.-China trade tensions, Aurangzeb emphasized the importance of both nations to Pakistan.
“The U.S. remains a strategic partner in trade and beyond, and so does China. We aim to maintain balanced and constructive relationships with both,” he said.
