ISLAMABAD: Pakistan’s exports of goods increased by 18 percent to $25.3 billion during the last fiscal year, said the commerce ministry on Thursday, adding it was the highest growth rate recorded in the country’s history.
The ministry informed that the export of services during FY21 had been projected at $5.9 billion, implying that Pakistan’s overall exports had surpassed $31 billion.
“This is a remarkable achievement by our exporters considering the difficulties created by COVID-19 at home and resultant contractions in our major markets,” the prime minister’s advisor on commerce, Abdul Razak Dawood, said in a statement.
“It was not an easy task as many countries went into lockdown which severely affected the business,” he continued. “Not only our exports survived the crisis but also we enhanced them in many sectors. I salute our exporters on achieving the milestone.”
Meanwhile, the commerce ministry maintained the government had taken several measures to improve industrial competitiveness by rationalizing customs duty and other tariff forms.
“Since 2018-19, tariff on more than 4,000 inputs (i.e. raw materials, intermediate and capital goods) have been rationalized,” it said in the official statement. “As a result, almost 40 percent of total inputs in terms of number of tariff lines as well as value of imports are at zero percent duty.”
The ministry maintained it would continue with the tariff reforms in the coming years.
“With the current measures exports are expected to grow by five percent in the next two years,” said the statement.
Exports increase by 18% in highest ever growth recorded in Pakistan's history
https://arab.news/9f63v
Exports increase by 18% in highest ever growth recorded in Pakistan's history
- The commerce ministry maintains this is the highest ever growth rate recorded in the country’s history
- The government expects a further increase of five percent in Pakistan’s exports in the next two years
Magnitude 5.6 earthquake jolts parts of Pakistan, no losses reported
- Tremors were felt in Swat, Peshawar and Chitral in Khyber Pakhtunkhwa, as well as in the federal capital Islamabad
- Pakistan Meteorological Department measures quake’s depth at 114 km, identifies Hindu Kush region in Afghanistan as epicenter
ISLAMABAD: A 5.6-magnitude earthquake jolted parts of Pakistan on Wednesday evening, the Pakistan Meteorological Department (PMD) said with no loss of lives or massive damage to property reported.
The tremors were felt in the federal capital, Islamabad, as well as the northwestern cities of Swat, Peshawar and Chitral in Pakistan’s Khyber Pakhtunkhwa province, the PMD said.
“An earthquake recorded on 25-02-2026 at 16:12 PST with a 5.6-magnitude and a depth of 114km,” the PMD said in a statement. “Its epicenter was the Hindu Kush Region Afghanistan.”
Earthquakes are common in Afghanistan, particularly along the Hindu Kush mountain range, where the Eurasian and Indian tectonic plates meet.
In August last year, a shallow 6-magnitude earthquake in eastern Afghanistan flattened mountainside villages and killed more than 2,200 people. Weeks later, a 6.3-magnitude quake in northern Afghanistan killed at least 27.
Powerful tremors struck western Herat in Afghanistan, near the Iranian border, in 2023, and the Nangarhar province in 2022, killing hundreds and destroying thousands of homes.
