{
  "id": 2659031,
  "title": "Goods and services: July exports surge 13.1pc to USD3.94bn YoY: minister",
  "url": "https://urgent.news/2026/08/22/goods-and-services-july-exports-surge-13-1pc-to-usd3-94bn-yoy-minister",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T21:33:21.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436138/goods-and-services-july-exports-surge-131pc-to-usd394bn-yoy-minister"
  },
  "original_language": "en",
  "account": "Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced on Saturday that Pakistan's July 2026 exports of goods and services grew by 13.1 percent year-over-year, reaching USD 3.94 billion. This increase follows a similar growth in July 2025, where exports were recorded at USD 3.48 billion. The minister highlighted that goods exports specifically increased by 9.4 percent to USD 3.0 billion in July 2026, compared to USD 2.8 billion in the same month of the previous year. The overall export growth was driven by various sectors, including surgical goods (16.3 percent), food (8.0 percent), leather goods (7.8 percent), and textiles (3.9 percent). The minister noted that industrial recovery continued, with Large-Scale Manufacturing (LSM) growing by 5 percent in FY2025-26, a significant turnaround from the 0.74 percent contraction in the previous year. This growth, combined with robust fiscal and external indicators, supported the rise in exports. Key sectors like automobiles, transport equipment, electrical equipment, tobacco, and food contributed significantly to this growth. The government's focus for FY2026-27 would be to sustain economic recovery, strengthen fiscal and external stability, and promote sustainable economic growth. The minister also mentioned that workers' remittances, a major source of external resilience, increased by 13 percent to USD 3.63 billion in July 2026, reflecting the continued contribution of overseas Pakistanis to the national economy. The fiscal deficit narrowed to 2.6 percent of GDP in FY2025-26, the lowest in two decades, due to stronger fiscal discipline. Public investment continued to drive growth and employment, with projects approved in July 2026 expected to generate approximately 7,851 direct and 14,053 indirect jobs.",
  "summary": "ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Saturday that Pakistan’s exports of goods and services reached USD 3.94 billion in July 2026, showing a growth of 13.1 percent over USD 3.48 billion recorded in the same month of 2025. “The external sector also started FY2026-27 on an encouraging note. Goods exports increased by 9.4 percent to USD…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}