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Exports to Europe rise on improved demand in 1HFY25

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12.02.2025

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........

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