Pakistan’s exports are projected to grow from $44.83 billion to $55 billion over the next three years.
The Ministry of Finance has released a three-year macroeconomic and fiscal framework outlining key economic targets for the country over the next three years.
According to the framework, exports, remittances, tax revenue and the overall size of the economy are expected to rise significantly. The plan anticipated an increase of over $10 billion in Pakistan’s exports during this period.
Exports of goods could reach $42.69 billion, while services, including information technology, are expected to contribute $1.224 billion.
The Ministry of Finance report estimates that goods exports for the current financial year will amount to $35.28 billion. Services sector exports are projected at $8.38 billion. Imports of foreign goods could increase by $1.45 billion, reaching $7.971 billion. Over the next three years, remittances are expected to reach a record $4.482 billion.
For the current financial year, remittances are expected to total $3.943 billion. The country’s economy is projected to expand to a size of approximately Rs162,513 billion over the next three years, up from an estimated Rs129,567 billion in the current year. Economic growth is expected to rise from 4.2 per cent to 5.7 per cent during this period.
