Islamabad: Pakistan’s export sector is experiencing notable growth, facilitated by the Special Investment Facilitation Council (SIFC). A significant rise has been observed in sesame seed exports to China, which have surged by 179%, reaching a value of $28 million.

In alignment with the prime minister’s vision, the country’s automobile industry is making inroads into international markets. A significant milestone has been achieved with Honda exporting its first batch of 40 Honda City vehicles to Japan, marking a pivotal development for the local auto industry. This move opens new avenues for local automakers to expand their reach globally. The government is backing this expansion through policies that are favorable to investors.

Data from the first eight months of the current fiscal year indicates a 2.3% increase in non-textile exports, totaling $9.8 billion. Notably, petroleum crude exports have doubled, while cement and jewelry exports have grown by 26% and 66%, respectively.

Additionally, the government has launched exports from the Gwadar Free Zone, allowing the annual export of 10,000 tons of potassium sulfate fertilizer. With SIFC’s ongoing support, investment in the Gwadar zone is on the rise, and potassium sulfate fertilizer exports are projected to reach $7 million by 2025.