KARACHI, May 5, 2026 – Khurram Ijaz has raised alarm over Pakistan’s widening trade deficit and declining exports, urging the government to take immediate steps to strengthen the country’s export sector.
Ijaz, General Secretary of Businessmen Panel Progressive (BMPP) and former Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), highlighted concerns following the latest trade data released by the Pakistan Bureau of Statistics (PBS).
Trade Deficit Widens Sharply
According to PBS data, Pakistan’s trade deficit surged to $32 billion during the first ten months (July–April) of fiscal year 2025-26, reflecting an increase of around 20% compared to $26.59 billion recorded in the same period last year.
READ MORE: Pakistan Trade Deficit Surges to $32 Billion in 10MFY26
Exports declined by 6.25% to $25.10 billion, while imports increased by 7% to $57.20 billion, further widening the trade gap.
Call for Immediate Policy Measures
Khurram Ijaz stressed the need for urgent policy intervention to reverse the declining export trend and improve Pakistan’s competitiveness in global markets.
He noted that ongoing geopolitical tensions in the Middle East present both risks and opportunities for Pakistan’s trade sector, making it critical to act swiftly.
Challenges Facing Exporters
Ijaz pointed out that exporters are facing multiple challenges, including:
• High cost of raw materials
• Rising electricity and gas tariffs
• Increasing fuel prices
• Burden of taxation policies
These factors, he said, are significantly impacting the competitiveness of Pakistani products in international markets.
Recommendations to Boost Exports
To address these issues, Ijaz recommended reducing duties and taxes on imported industrial inputs to lower production costs.
He also emphasized the importance of market diversification, urging authorities to explore new export destinations and expand beyond traditional reliance on textile exports.
Strengthening External Sector Stability
Ijaz highlighted that boosting exports and increasing workers’ remittances are essential to strengthen foreign inflows and help Pakistan withstand external economic shocks.
He stressed that a comprehensive strategy is needed to stabilize the economy and ensure sustainable growth.