Pakistan’s Non-Textile Exports Surge by 17.6% with Support from SIFC

Islamabad:Non-textile exports have seen a significant boost during the first four months of the current fiscal year, with a notable increase of 17.6%, reaching $4.73 billion, up from $4.02 billion. This growth has been largely facilitated by the support of the Special Investment Facilitation Council (SIFC), which has played a pivotal role in enhancing the export of value-added products and contributing to the stabilization of Pakistan’s economy.

The rise in non-textile exports is seen as a positive indicator of growing confidence in international markets. The surge is mainly attributed to improvements in the value-added products sector. Among the key contributors, engineering products saw an impressive 31% increase in exports, while cement exports grew by 12%.

The engineering sector, in particular, has witnessed a remarkable boost, with exports of industrial machinery, transport equipment, auto parts, and rubber tires showing significant improvement. Additionally, exports of jewelry and petroleum products experienced extraordinary growth, with increases ranging from 100% to an astounding 530%.

This remarkable progress in non-textile exports underscores the continued strength and diversification of Pakistan’s export base, signaling a promising outlook for the country’s economic recovery and growth in the global market.