Pakistan’s export sector has experienced a significant boost, with a 9.4% rise in demand for its products across Europe, largely due to the strategic efforts of the Special Investment Facilitation Council (SIFC). This increase highlights growing global confidence in Pakistani industries.

Exports to Western Europe have climbed by 11.6%, while Northern Europe saw a remarkable 17.7% growth, reflecting a strong upward trend. Countries such as Italy, Greece, and Spain have notably raised their imports from Pakistan, contributing to this positive development.

The expansion in exports is chiefly attributed to Pakistan’s ‘GSP plus’ status, which the European Parliament has extended until 2027. This status offers developing countries preferential access to European markets, free from duties and taxes, significantly benefiting Pakistan’s textile and garment industries.

SIFC’s effective strategies have bolstered investment in local industries, ensuring sustained economic progress for the country.