Pakistan’s Exports Could Hit an All-Time High Next Fiscal Year

Pakistan’s exports are expected to reach their highest level ever in FY2026-27, according to projections by the International Monetary Fund (IMF), offering a positive outlook for the country’s external sector.

The IMF estimates that Pakistan’s exports will rise to a record $35.63 billion during the next fiscal year beginning July 1, 2026. The forecast represents a significant increase from the estimated $31.93 billion in exports expected for the current fiscal year ending June 30, 2026.

If achieved, the projected figure would surpass all previous export records and mark one of the strongest annual increases in Pakistan’s export earnings in recent years.

The IMF has also projected growth in imports during FY2026-27, reflecting expectations of higher economic activity and stronger domestic demand. As a result, the country’s trade deficit is also expected to widen despite the increase in exports.

Pakistan’s exports have shown gradual improvement over the past two years, supported by a recovery in textile shipments, stronger IT exports, improved access to foreign markets, and relative macroeconomic stability.

However, exporters continue to face challenges, including high energy tariffs, financing costs, delayed tax refunds, and regional competition from countries such as India, Bangladesh, and Vietnam.

Industry groups have urged the government to announce measures in the upcoming federal budget to improve competitiveness and support export-led growth. The IMF’s forecast comes as Pakistan prepares its FY2026-27 budget and continues implementing economic reforms under its ongoing stabilization program.