Pakistan's exports reach $22bln during Jul-Feb

ISLAMABAD: The exports from the country increased by 8.17 percent during the first eight months of the current fiscal year as compared to the corresponding months of last year.

Exports during July-February (2024-25) were recorded at $22.022 billion against $20.359 billion during July-February (2023-24), according to Pakistan Bureau of Statistics (PBS) data.

On the other hand, imports into the country went up by 7.40 percent by growing from $35.199 million last year to $37.802 million during the first eight months of the current year.

Based on the figures, the trade deficit during the months under review was recorded at $15.780 billion against the deficit of $14.480 billion last year, showing an increase of 6.33 percent.

Meanwhile, on year-on-year basis, the exports in February 2025 decreased by 5.57 percent to $2.439 billion from $2.583 billion in February 2024.

On the other hand, the imports went up by 10.03 percent by going up from $4.306 to $4.738 percent, according to PBS data.

Also read: BYD launches share sale to raise up to $5.2 billion

On a month-on-month basis, the exports from the country came down by 17.35 percent when compared to the exports of $2.951 billion during January 2025.

The imports also witnessed a decrease of 9.89 percent when compared to the imports of $5.258 billion in January 2025, PBS reported.

Earlier, Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 billion via an accelerated book-building, according to a deal term sheet seen by Reuters.

The company set a price range of HK$333-HK$345 per share for the offering, representing an up to 8.4% discount compared to the stock’s market closing price of HK$363.60 on Monday, the term sheet showed.

BYD did not immediately respond to a Reuters’ request for comment.

The company plans to use the proceeds to invest in research and development, expand overseas businesses, supplement its working capital, and for general corporate purposes, said the term sheet.

The deal adds to a sharp pickup this year in share offering momentum in Hong Kong, which is the preferred destination for Chinese companies looking to raise offshore capital, as investors bet on a possible recovery in China’s economic growth.