PAKISTAN'S GROWING EXPORTS TO KEY MARKETS

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Pakistan witnessed positive growth in exports to its major trading partners during the month of July 2024 Shipments to longstanding markets like USA UAE and UK increased year on year The United States has been the largest buyer of Pakistani goods for a long time Exports to our largest market grew by over 7% in the reporting period. 


Another historically important export destination the United Arab Emirates also saw higher outbound supplies from Pakistan. Shipments increased by approximately 8% compared to the same month in the previous fiscal year This reflects the deepening economic ties between the two brotherly countries.   


The third top location for Pakistani exports was the United Kingdom. Exports valued at over USD 180 million during July 2024 marked a healthy increase over shipments to UK a year earlier This is a demonstration of consistent demand for our products in this export market.


In addition to traditional buyers developing partners such as China and Germany featured high on the list of top 10 importers of Pakistani goods Both countries absorbed a larger volume of exports from Pakistan last month compared to July 2023. 


Overall, the rising trend in exports to principal markets is a positive indicator of growing competitiveness for Made in Pakistan' products in international markets With coordinated efforts to boost production and penetrate new geographies the nation is optimistic of further building on these gains in external sector performance.

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