The Ministry of Finance has forecasted record-breaking exports and remittances for the current fiscal year, with further growth anticipated in FY2025-26, according to sources familiar with the matter.
For the ongoing fiscal year, exports are expected to surpass the government’s target of $32.34 billion, reaching $32.98 billion. Similarly, remittances are projected to exceed the target of $30.28 billion, climbing to approximately $35.24 billion.
Looking ahead, the ministry has estimated exports for the next fiscal year at $36.12 billion, while remittances are forecast to exceed $37 billion, marking the highest figures in Pakistan’s history.
Comparison With Previous Fiscal Year
In the previous fiscal year, Pakistan recorded exports of $30.97 billion and remittances totaling $30.25 billion. The current projections indicate a significant improvement in both areas, reflecting the government’s efforts to boost foreign exchange inflows.
Import Forecasts
The Ministry of Finance has also set an import forecast of $66.25 billion for the next fiscal year. For the current fiscal year, imports are estimated to reach $58.98 billion, exceeding the government’s target of $57.28 billion. In comparison, imports in the previous fiscal year stood at $53.56 billion.
These projections highlight the government’s optimistic outlook for Pakistan’s trade and remittance performance, which are critical to addressing the country’s economic challenges and improving its foreign exchange reserves.
