Finance Pakistan’s exports to Saudi Arabia jump 50% to $276m By Pramod Kumar December 27, 2023, 7:43 AM Wam Khalifa Port in Abu Dhabi. The emirate reported 2.8% growth in real GDP over the first nine months of 2023 year on year Exports from Pakistan to the Gulf countries rose 29 percent year on year to $1.26 billion in the five months from July to November 2024. Saudi Arabia, the UAE and Kuwait were the top export destinations, a report in the Pakistani newspaper Dawn said, quoting data from the State Bank of Pakistan. Exports to Saudi Arabia increased 50 percent in the period, to $275.65 million. Top exports included rice, bovine carcasses and half carcasses, tents, and textile materials. Exports to the UAE rose 33 percent year on year to $817.98 million. The bulk of the exports were to Dubai, with a year-on-year rise of 17.59 percent to $655.90 million. Pakistan’s exports to Kuwait increased by 7.4 percent year on year to $51.81 million. However, exports to Qatar and Bahrain fell 15.84 percent and 6.35 percent year on year, to $96.66 million and $29.04 million, respectively, during the five months of the current fiscal year, the newspaper said. The Pakistani government’s fiscal year starts from July 1 of the previous calendar year and ends on June 30. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
