Pakistan’s exports to Europe surged to 3.8 billion dollars, reflecting an 8.62 per cent increase in the first five months of current FY2024-25.
The growth, driven by the efforts of Special Investment Facilitation Council, includes key sectors such as textiles, leather, garments, sports goods and surgical instruments.
In October 2023, the European Parliament approved the extension of Pakistan’s GSP Plus status until 2027.
The GSP Plus scheme provides preferential market access and exemptions from duties on certain goods for developing countries.
Earlier, Minister of State for Information Technology and Telecommunication Shaza Fatima Khawaja said that Pakistan’s Information and Computer Technology (ICT) services export remittances recorded a 28 per cent increase.
