ISLAMABAD: Pakistan’s merchandise exports posted a modest rebound in January after recording five consecutive monthly declines in the current fiscal year, offering tentative relief to exporters and reviving expectations of a potential recovery in overseas shipments.

In absolute terms, export proceeds reached $3.061 billion in January, up from $2.951bn in the corresponding month of last year, reflecting an increase of 3.73 per cent, the Pakistan Bureau of Statistics (PBS) said on Monday. On a month-on-month basis, export proceeds grew by 34.96pc in January.

Negative growth in exports has continued since August of the current fiscal year, barring July, when proceeds grew 16.43pc year on year. Export earnings posted negative growth, with proceeds declining by........

© Dawn Business