Pakistan recorded a notable increase in exports to Saudi Arabia and European countries during the last fiscal year, reflecting positive economic developments.
Exports to Saudi Arabia rose by over 41%, reaching $710.3 million. For the first time, Pakistan’s total exports of goods and services to Saudi Arabia crossed the $1 billion mark, hitting $1.08 billion.
According to a written response submitted by the Ministry of Foreign Affairs in the National Assembly, Saudi company Aramco acquired 40% shares of Pakistan’s oil and gas company, GO, while another Saudi firm, Al Wafi Energy, purchased a majority stake in Shell Pakistan.
The report also mentioned that Saudi German Hospital is investing $250 million to establish a modern 300-bed hospital in Lahore Smart City.
Meanwhile, Pakistan’s exports to European countries also saw a significant rise during the 2024–25 fiscal year. This improvement was made possible with the support of the Special Investment Facilitation Council (SIFC), leading to overall economic progress.
Data shows that from July to April, exports to Europe increased by 8.6%, rising from $6.95 billion in the previous fiscal year to $7.55 billion. The growing demand for Pakistani products, particularly textiles and garments, in European markets is proving beneficial for the country’s economy, industry, and investment landscape.
