BMP raises concerns over declining exports to EU

LAHORE: Pakistan’s export sector is facing mounting pressure as shipments to key European markets show signs of stagnation, despite continued access under the GSP+ scheme. The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has raised serious concerns over the declining momentum, warning that without immediate corrective measures, the country risks losing its competitive edge in global markets. BMP Chairman and former FPCCI President Mian Anjum Nisar stated that Pakistan’s exports to the European Union grew only marginally by 0.95 percent to USD 6.122 billion during July to February of fiscal year 2025-26, a figure that remains largely stagnant when adjusted for inflation and rising costs. He noted a visible slowdown in Western and Northern Europe, with countries such as Germany, the Netherlands, France, and Belgium recording consistent declines due to weakening demand and growing competition. The situation has been further complicated by the recently concluded free trade agreement between the European Union and India, alongside ongoing Middle East tensions, both of which are expected to intensify competition and suppress consumer demand in Europe. Nisar criticised the government’s trade policies as short-sighted, pointing to high energy tariffs, expensive financing, underutilization of GSP+ status, and lack of proactive trade diplomacy as key contributors to the crisis. Copyright Business Recorder, 2026

Go to News Site