Pakistan saw ‘remarkable surge’ in exports during FY24 while imports declined — state media 

A man walks past a wall of a shipping container's yard painted with a national flag in Karachi, Pakistan August 6, 2018. (REUTERS/ File)
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Updated 04 August 2024
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Pakistan saw ‘remarkable surge’ in exports during FY24 while imports declined — state media 

  • Pakistan’s merchandise exports rose by 10.54 percent to $30.64 billion during FY24, says state media 
  • South Asian country’s imports fell by 0.84 percent to $54.73 billion during the last fiscal year 

ISLAMANBAD: Pakistan witnessed a “remarkable” surge in its exports during the financial year 2023-24, state broadcaster Radio Pakistan reported on Sunday, saying that official data was proof that the South Asian country’s products were gaining prominence worldwide. 

Grappling with a macroeconomic crisis that has depleted its fragile economy of its resources, Pakistan has sought to engage regional allies in a bid to increase investment and trade. The South Asian country has sought to enhance its exports and provide visa and trade facilities to several countries as it eyes economic growth and stability. 

Pakistan set up the Special Investment Facilitation Council (SIFC) in June 2022 to attract foreign investment in key economic sectors, particularly from Gulf countries. The hybrid civil-military forum aims to fast-track decision-making and investment. 

“Pakistan has witnessed a remarkable surge in exports during the financial year 2023-24 due to concerted efforts of the Special Investment Facilitation Council (SIFC),” state broadcaster Radio Pakistan said in a report. 
“According to the data released by the Pakistan Bureau of Statistics, Pakistan’s merchandise exports rose by 10.54 percent to 30.64 billion dollars in financial year 2023-24.”
On the other hand, the report said Pakistan’s imports fell by 0.84 percent to $54.73 billion during the last fiscal year. 
It credited “round-the-clock” efforts from the SIFC and Pakistan’s commerce ministry for helping Pakistan establish new markets for the export of meat in Jordan, Lebanon, Egypt and Uzbekistan. 

The report also noted that for the first time, Pakistan’s agro-exports increased by 37 percent from $5.8 billion to $8 billion. 

“By reaching this level of development, Pakistan’s agricultural sector can achieve the export target of 10 billion dollars in the current financial year,” Radio Pakistan said. 

“The significant increase in exports indicates the increasing importance of Pakistani products in the global market and the revolutionary initiatives of SIFC.”


Pakistani student launches ‘Urdu ChatGPT’ AI model

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Pakistani student launches ‘Urdu ChatGPT’ AI model

  • Developer says “Qalb” is largest large language model built exclusively for Urdu
  • Project highlights push to localize artificial intelligence for non-English users

ISLAMABAD: A Pakistani student studying in the United States has launched an artificial intelligence model designed exclusively for the Urdu language, a development its creator says could help bridge longstanding gaps in access to advanced digital tools for millions of speakers worldwide.

The project, called Qalb, is positioned as an Urdu-first large language model at a time when most generative AI systems are primarily trained on English and other widely used global languages. Supporters of language-specific models argue they can improve accuracy, cultural relevance and accessibility for users in education, business and public services.

Urdu is spoken by more than 230 million people globally, including in Pakistan, India and diaspora communities, but remains under-represented in advanced AI systems. Efforts to localize artificial intelligence have increasingly been seen as critical for widening participation in digital economies, particularly in developing countries.

“Qalb is now recognized as the world’s largest Large Language Model created exclusively for the Urdu language,” Taimoor Hassan, the project’s developer, was quoted this month in a report in state-run news agency APP. 

“Trained on a massive dataset of 1.97 billion tokens and benchmarked across seven-plus international evaluation frameworks, Qalb outperforms existing Urdu-focused AI models on key real-world performance indicators, setting a new standard for natural language processing in Pakistan,” Hassan said.

“This is a development model and in the next phase we would soon launch App for mobile and web so that people could use and benefit from Qalb ChatGPT.”

Hassan completed his undergraduate degree in computer science at FAAST University’s Peshawar campus and is currently studying for a master’s degree in computer science and software engineering at Auburn University in the United States. According to APP, he is a serial entrepreneur who has previously launched and exited multiple startups and has represented Pakistan at international technology forums.

“I had the opportunity to contribute in a small way to a much bigger mission for the country,” Hassan said.

“Together with my undergraduate roommates and teammates, Jawad Ahmed and Muhammad Awais, we are committed to continuously fine-tuning localized models for niche industries, which we believe can become a major breakthrough for Pakistan.”

Both collaborators are also graduates of FAAST University Peshawar Campus and are currently studying in Germany, APP reported.

The team behind Qalb said the model is intended to support local businesses, startups, educational platforms and voice-based digital services, arguing that meaningful innovation is no longer limited to large technology firms.

“Technology is no longer locked behind big budgets or big teams. With the right mindset, even a small group can build products that educate, automate, and serve millions,” Hassan told APP.