Exports to Europe rise on improved demand in 1HFY25
ISLAMABAD: Exports to European countries grew 8.32 per cent in the first half of 2024-25, mainly due to higher shipments to western states.
In absolute terms, Pakistan’s exports to the European Union (EU) reached $4.429 billion in July-December FY25 from $4.089bn last year, according to data compiled by the State Bank of Pakistan.
The export resurgence was due to a slight increase in demand for Pakistani goods in western, eastern and northern Europe.
In FY24, Pakistan’s exports to the EU dipped 3.12pc to $8.240bn despite its GSP status, which allows duty-free entry into most European markets.
In October 2023, the European Parliament unanimously voted to extend the GSP status for........
© Dawn Business
