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$5.4 Billion Worth of Exports Indicate Strengthening Ties With the USA

25 September, 2024
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    One Homes, a pioneer in luxury property development in Pakistan, is committed to creating extraordinary living destinations for overseas Pakistanis. Our aim is to provide a seamless blend of modern luxury and traditional hospitality, offering communities that are not just homes but havens.

    As Pakistan continues to make strides in its economic development, One Homes is proud to be a part of this exciting journey. We make purchasing a property in Pakistan accessible to the overseas market through a seamless process, encouraging a new wave of foreign investment in the country.

    Pakistan’s growth is also reflected in the expanding exports, particularly to major markets like the USA. This is a testament to the immense potential of this nation, as the current account deficit has shrunk marginally in the past couple of months.


    USA Termed as the Biggest Trading Partner

    The recent announcement by the Senate Standing Committee on Commerce highlighting Pakistan's growing exports to the USA is a significant milestone. Pakistan has experienced exports worth $5.4 billion to the USA against imports worth $1.8 billion, reflecting a trade surplus. This surge in trade is not only boosting the country's economy but also creating new opportunities for businesses, investors, and individuals.

    The announcement highlights the fact that Pakistan’s increasing economic integration with the global market. The country is primarily exporting textile products, along with gem and stone products, furniture, and pharmaceuticals. This showcases the diversity and strength of Pakistan's manufacturing sector and points to the potential of various markets.


    The Shrinking Trade Deficit

    With the exports growing year-on-year, especially in larger markets like the USA, Pakistan’s trade deficit has shrunk marginally. It declined to $3.6 billion during the first two months of FY25. Data released by the Pakistan Bureau of Statistics (PBS) also highlighted that the trade deficit experienced a 20.54% decrease year-on-year.

    The data points to robust policies which aim to support local industries, while also contributing towards a holistic goal of reducing the current account deficit. 


    Building for a Brighter Future

    At One Homes, we have always believed in the immense potential of our homeland. Our developments, such as Trinity One, are designed to cater to the needs of overseas Pakistanis who are seeking property investment in Pakistan. By providing luxurious, fully-equipped homes in prime locations, we are offering you a unique opportunity to be a part of Pakistan's success story.

    We invite you to explore our developments and discover how you can become a part of this exciting journey.

     

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