AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Pakistan’s exports to Europe surged to 3.8 billion dollars, reflecting an 8.62 percent increase in the first five months of the current fiscal year.
According to Radio Pakistan, this growth is driven by the efforts of the Special Investment Facilitation Council and includes key sectors such as textiles, leather, garments, sports goods, and surgical instruments.
In October 2023, the European Parliament approved the extension of Pakistan’s GSP Plus status until 2027. The GSP Plus scheme provides preferential market access and exemptions from duties on certain goods for developing countries.