Pakistan's exports fell 5.61 percent in the first 11 months of fiscal 2025-26 to $27.91 billion, while the trade deficit ballooned 17.48 percent to $34.76 billion amid rising imports and sustained export weakness. The decline, which has persisted since August except for a July surge, reflects disruptions from Middle East conflicts, elevated shipping costs, and dampened regional demand, with analysts warning of continued pressure unless trade route stability returns.
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