Islamabad: Pakistan’s exports to European countries have increased by 8.6% in the first ten months of the current fiscal year, bolstered by the efforts of the Special Investment Facilitation Council (SIFC).

The State Bank of Pakistan reported that exports rose from $6.95 billion to $7.55 billion during this period. This growth highlights a significant uptick in the demand for Pakistani products, particularly textiles and garments, in European markets.

The SIFC’s strategic initiatives are credited with facilitating this export growth, providing essential support to Pakistani businesses in tapping into the European market. The council’s efforts appear to be paying off as businesses expand their reach and capitalize on the opportunities in Europe.

The increase in export figures is particularly noteworthy given the global economic challenges faced by many countries. The support from the SIFC has played a crucial role in navigating these challenges and driving growth in the export sector.

As Pakistan continues to focus on enhancing its trade relations with Europe, the role of the SIFC remains pivotal in ensuring sustained growth in exports, contributing positively to the country’s economic landscape.