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.
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