Pakistan Economy Report: Exports Hit 20-Month High as Reserves Jump 52% in First Quarter

Exports and trade in Pakistan (Dunya News)

Pakistan's economy showed fresh signs of strength in the first quarter of the 2026-27 financial year, with exports reaching their highest level in 20 months and foreign reserves jumping by more than half, according to the government's first-quarter economic report released on Monday.

Total exports rose 11% to $11.2 billion between July and September 2026, with goods exports up 8% to $8.5 billion and services exports up 23% to $2.7 billion. Information technology exports grew 18% to $1.25 billion, freelancers earned $550 million, up 46%, and remittances from overseas Pakistanis rose 14% to $10.9 billion, led by Saudi Arabia, the United Arab Emirates, Britain and the European Union.

State Bank reserves climbed 52% to $21.5 billion, foreign direct investment rose 20% to $720 million, and Roshan Digital Accounts grew 18% to $14.3 billion across more than 975,000 accounts. The current account deficit stood at $874 million, in line with forecasts, and three major rating agencies now place Pakistan's sovereign rating in the 'B' category with a stable outlook.

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