Tag Archives: Pakistan Bureau of Statistics

Pakistan’s Economy Shows Signs of Growth with 3.07% GDP Increase in Q4 FY24 In a promising development, Pakistan’s gross domestic product (GDP) grew by 3.07% in the fourth quarter of fiscal year 2023-24 (April-June), according to data released by the Pakistan Bureau of Statistics (PBS). This growth was driven primarily by a strong performance in the agriculture sector, which grew …

Merchandise Exports Show Strong Growth in August Pakistan’s merchandise exports increased nearly 16% to $2.74 billion in August 2024, compared to $2.36 billion in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The growth momentum picked up in August due to improved international orders and exchange rate stability. On a …

Textile and clothing exports from Pakistan contracted by 3.09% in the first month of FY25, reflecting the sector’s struggle to compete with regional rivals amid the implementation of harsh taxation measures. This downturn signals a challenging period ahead for the industry, which is grappling with high energy costs and government policies that have sparked concerns among top textile exporters. Impact …

Introduction: In the first month of the current fiscal year 2023-24 (FY24), Pakistan’s exports witnessed a decline of nearly 13%, impacting the country’s trade balance. Despite a decrease in imports and a narrowed trade deficit, economic challenges persist, leading to concerns about the country’s economic growth. Month-on-Month Decline: According to the Pakistan Bureau of Statistics (PBS), the country’s exports stood …