PM Hails $2.7B Export Surge in New Fiscal Year

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Prime Minister Shehbaz Sharif celebrated Pakistan’s exports reaching $2.7 billion in July 2025, a 9% increase, signaling economic recovery through government reforms.

On August 7, 2025, Prime Minister Shehbaz Sharif expressed strong approval of Pakistan’s export performance, which hit $2.7 billion in the first month of the new fiscal year, marking a 9% month-on-month rise and a 17% year-on-year increase from July 2024 to July 2025, as reported by Business Recorder. Speaking from the Prime Minister’s Office, he described the growth as a clear sign of economic stabilization, driven by the government’s policy reforms. Sharif emphasized that export-led growth remains a top priority for his administration, crediting the economic team’s efforts for the positive shift.

The introduction of a faceless customs assessment system has streamlined port operations, reducing bureaucratic hurdles that previously hampered trade, according to Pakistan Today. Sharif also noted improvements in the tax-to-Gross Domestic Product (GDP) ratio, a key indicator of fiscal health, and highlighted Pakistan’s upgraded credit ratings by global financial institutions, as per UrduPoint. These ratings reflect growing confidence in the nation’s economic trajectory. Additionally, remittances from overseas Pakistanis surged by 28.8% to $34.9 billion in the last fiscal year, bolstering foreign exchange reserves.

The Prime Minister praised the Pakistan Stock Exchange (PSX), where the KSE-100 index soared past 145,000 points, a historic milestone, as noted by The News International. Sharif attributed this rally to a business-friendly environment fostered by his government’s policies. He also directed the Ministry of Commerce and the National Export Development Board (NEDB) to develop strategies to achieve a $60 billion annual export target within three years, according to Dialogue Pakistan. This ambitious goal includes boosting Information Technology (IT) exports, which reached $3.2 billion last year.

Sharif stressed the importance of sustaining this momentum through continued reforms and private sector engagement. He urged industrialists to leverage Pakistan’s investor-friendly policies, as reported by Radio Pakistan. The government’s focus on curbing smuggling and enhancing agricultural exports further supports economic growth, with $211 million earned from legal sugar exports to Afghanistan, per Profit by Pakistan Today. These efforts signal a determined push to strengthen Pakistan’s economy.