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ISLAMABAD: Pakistan’s merchandise exports not only missed the annual target by $4.87bn for FY26, but also contracted, reflecting the PML-N-led coalition government’s failure to achieve visible improvement over the last four years.
The export proceeds also contracted by 5.97pc compared with last year’s $32.04bn.
Furthermore, the trade deficit widened amid a rise in imports and a decline in exports, the Pakistan Bureau of Statistics said on Thursday.
In absolute terms, export proceeds were recorded at $30.13bn in FY26, against the budget-projected target of $35bn. Despite the missed target, the Ministry of Commerce did not issue any statement explaining the decline in exports.
