Pakistan’s export performance weakened further in the first half of FY2025–26, according to provisional data released by the Pakistan Bureau of Statistics. Exports during July–December 2025 stood at $15.18 billion, down 8.7 percent from $16.63 billion in the same period last year. The decline intensified in December 2025, when exports fell 20.4 percent year-on-year to $2.317 billion, compared with $2.911 billion in December 2024. On a month-on-month basis, exports also dropped 4.26 percent compared to November. Analysts say the downturn reflects weak global demand, domestic production constraints, and rising input costs, raising concerns about pressure on Pakistan’s external account and fiscal targets in the coming months.
