Pakistan’s business community has voiced mistrust over the upcoming FY27 budget, warning that export earnings could decline further under a tax-heavy policy framework. Industry leaders urged the government to adopt an export-led growth strategy instead of focusing primarily on ambitious revenue targets. The demands come days before the federal budget announcement, a key event for […]
Pakistan exports
Textile sector warns crushing taxes threaten Pakistan exports
Pakistan’s textile industry has warned the government that an effective tax burden of up to 113% is severely damaging exports and creating a deep financial crisis ahead of the FY2026-27 budget. The Pakistan Textile Council told Prime Minister Shehbaz Sharif that exporters are struggling to survive because excessive taxes, delayed refunds, and blocked working capital […]
Chinese investment project promises major export boost for Pakistan
A Chinese company is setting up a large-scale manufacturing facility in Pakistan with expected annual exports reaching between $400 million and $500 million. Officials said the project could also create nearly 20,000 jobs, supporting Pakistan’s efforts to expand export-focused industries and attract more foreign investment into the manufacturing sector. The development came during a meeting […]
Pakistan exports to United States rise modestly amid trade shifts
Pakistan’s exports of goods and services to the United States increased slightly during the first nine months of the current fiscal year, supported by steady demand despite pressure on overall external trade performance. According to official data, exports to the US reached $4.634 billion in July-March FY26 compared to $4.543 billion in the same period […]
Pakistan clears milestone with fish exports to Russia
KARACHI: Pakistan has secured approval to exports fish and seafood to Russia for the first time, marking a major breakthrough for the country’s fisheries sector and export industry. Read More: $80 million seafood processing zone planned at Korangi harbor Federal Minister for Maritime Affairs Junaid Anwar Chaudhry announced that 16 Pakistani companies have been granted permission to […]
US India interim trade agreement reshapes regional economic landscape
ISLAMABAD: Last week’s interim trade agreement between the United States (US) and India marks a significant shift in global trade dynamics, with potential repercussions extending beyond the two countries. Read More: US, India unveil interim trade framework to cut tariffs and deepen ties Under the joint statement issued on February 6, 2026, the United States agreed to reduce […]
Pakistan hits historic $3bn exports in January
Pakistan’s exports crossed $3 billion for the first time in January 2026, marking a historic trade milestone. Exports reached $3.1 billion during the month as import levels declined. Consequently, the monthly trade deficit narrowed by nearly 29 percent. According to the Pakistan Bureau of Statistics, exports surged by 35 percent in January 2026. They also […]
PIA joins Air France–KLM to boost global cargo
Pakistan International Airlines (PIA) has signed a strategic cargo partnership with Air France–KLM to expand its global freight network. The agreement allows exporters to use a single air waybill for consignments across Europe and the United States. This move strengthens PIA’s international cargo connectivity amid major institutional reforms. Effective January 15, PIA Cargo now links […]
Pakistan targets $60bn exports by 2029, says Ahsan Iqbal
DUBAI: Federal Minister for Planning and Development Ahsan Iqbal has said Pakistan has set an ambitious export target of $60 billion by 2029 as part of a long-term strategy aimed at strengthening the country’s presence in global trade. Read More: Pakistan eyes $6-8bn mineral exports: Ahsan Iqbal Speaking during his visit to the Pakistan Pavilion at Gulfood 2026 […]
Pakistan strengthens trade ties with EU
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday reaffirmed Pakistan’s commitment to working closely with the European Union. He highlighted the importance of the GSP+ trade status in boosting exports. The prime minister emphasized mutually beneficial initiatives to enhance trade and investment with the EU. During the meeting, PM Shehbaz welcomed EU Ambassador Raimundas Karoblis and […]