Commerce Minister anticipates a $20 billion surge in Pakistan’s exports for 2024

BusinessCommerce Minister anticipates a $20 billion surge in Pakistan’s exports for 2024

ISLAMABAD, Pakistan: The Caretaker Federal Minister for Commerce, Industry and Investments Dr. Gohar Ejaz has envisioned a substantial boost in Pakistan’s exports, projecting a US$ 20 billion increase for the year 2024 (January to December).

This optimistic outlook comes after concerted efforts by the caretaker team to address the challenges faced by Pakistani exports.


In July 2023, Pakistani exports had faced a setback, declining to US$ 2.068 billion.

Recognizing the significance of this challenge, the caretaker setup, assuming office in August 2023, dedicated itself to enhancing exports and curbing the trade deficit.

The results of these efforts are evident in the remarkable progress achieved by December 2023, with exports surging to US$ 2.812 billion—a noteworthy increase of US$ 511 million. The caretaker team’s strategic focus on elevating the export of manufactured goods has played a pivotal role in this success.

By ensuring adequate energy supplies for industrial production, Pakistan has successfully revitalized exports, particularly targeting markets in the United States and European Union.

This revival in export capacity sets the stage for Dr. Gohar’s optimistic projection of a US$ 20 billion increase in exports for the upcoming year.

Dr. Gohar Ejaz expressed confidence in the positive trajectory and emphasized his commitment to fostering sustained economic growth through robust export strategies.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Kiran Haq Biography | Age, Career, Family, Drama List, and More

Among the many beautiful Pakistani actresses is Kiran Haq who is beautiful and extremely talented. She began her acting career in 2011 with drama...

Salik Hussain for organizing security dialogue between Pakistan & Kazakhstan

ISLAMABAD, Pakistan: The Ambassador of Kazakhstan Yerzhan Kistafan met with the Federal Minister for Religious Affairs and Interfaith Harmony Chaudhry Salik Hussain and discussed...

PM Shahbaz acknowledges valuable contributions of Buddhist Scholars & Monks

ISLAMABAD, Pakistan: A delegation of esteemed Buddhist leaders called on Prime Minister Shahbaz Sharif in Islamabad on Wednesday.The delegation is visiting Pakistan to attend...

Pakistan lauds UN peacekeepers’ role for international peace & security

ISLAMABAD, Pakistan: On the occasion of the “International Day of United Nations Peacekeepers,” Pakistan has commended the critical role being played by the peacekeepers...

Workshop on ‘Artificial Intelligence’ held at IT Ministry

ISLAMABAD, Pakistan: A Workshop on Artificial Intelligence (AI) was held at the Ministry of IT and Telecommunication (MoITT) in Islamabad on Wednesday.The Workshop organised...