## Company Profile SPACE SHIPS LOGISTICS — Pakistan-based freight forwarder (website: http://www.spaceshipslog.com). Public profile limited; appears to offer standard forwarding services (ocean/air/road, customs clearance, warehousing/door delivery) serving exporters based in Karachi/Port Qasim region. Market position and scale not disclosed on public pages; likely an SME forwarder focused on export cargo from Pakistan (textiles, rice, seafood, fresh fruit) and regional trade lanes to the GCC, Europe and Africa. ## Pain Points 1) Volatile freight rates and reefers shortages: Pakistan–Gulf/Europe lanes remain sensitive to Red Sea/Hormuz security shocks; exporters face unpredictable costs and delays (this particularly hurts perishable mango/seafood and time-sensitive textiles). 2) Market disruption for rice and low-value foods: H1 FY26 rice exports are down sharply due to Indian competition and lower global prices, forcing exporters to seek new buyers and routes quickly — something forwarders must enable without adding sales overhead. 3) Compliance, cold‑chain & working capital friction: exporters need reliable reefer slots, cold‑chain coordination, and faster customs/duty‑drawback processing; delays in paperwork and refunds strain SME exporters' cashflow and reduce exporters' ability to pay premium freight for priority slots. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. [MARKET_DYNAMICS] Pakistan exports – textiles, rice, mango, seafood (focus: Middle East, Europe, Africa, 2025–26) === **Overall export context (2024–25 into FY 2025–26)** - Pakistan’s total exports in FY 2024‑25 were about **US$32.1bn, +4.7% YoY** vs US$30.7bn in FY 2023‑24, led by textiles and value‑added goods.([english.news.cn](https://english.news.cn/asiapacific/20250703/8143287fafea4a16a9311422dc305394/c.html?utm_source=openai)) - In calendar 2025, textiles and clothing accounted for **>48%** of export earnings, while cereals (incl. rice) saw a **43.6% YoY decline**. Major markets remain the US, China, and Europe, with the Middle East (UAE, Saudi Arabia) and Africa important in food and basic textiles.([insights.tridge.com](https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLXT36jqDkz1vpADz9L9WNoh?utm_source=openai)) #### Textiles – moderate recovery but under pressure on costs and preferences - During the first seven months of FY 2025‑26 (Jul 2025–Jan 2026), **textile exports reached US$10.90bn, +1.25% YoY** (vs US$10.78bn same period FY 2024‑25), per Pakistan Bureau of Statistics.([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai)) - This modest growth contrasts with weak overall exports and a sharp fall in food exports, underscoring textiles’ centrality to Pakistan’s export basket.([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai)) - Destination mix (based on SBP/official trade statistics through FY 2024‑25): - **EU + UK** absorb roughly **30–35%** of Pakistan’s textile and clothing exports; key markets: Germany, Spain, Italy, Netherlands, UK. - **US** remains the single largest country market for garments and home textiles. - **Middle East** (UAE, Saudi Arabia, Qatar) is important for towels, bedlinen, and low‑ to mid‑tier garments; often also serves as a re‑export hub (especially UAE).([insights.tridge.com](https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLXT36jqDkz1vpADz9L9WNoh?utm_source=openai)) **Demand trends 2025–26** - Europe: demand is stabilizing but retail inventories remain elevated; buyers are pushing stronger on **sustainability, traceability, and compliance**, which is reshaping Pakistani mills’ investment decisions (energy‑efficient machinery, wastewater and dye‑house upgrades).([sbp.org.pk](https://www.sbp.org.pk/reports/annual/aarFY24/Complete.pdf?utm_source=openai)) - Middle East: population and tourism growth in GCC are sustaining demand for **home textiles (hospitality linen, towels, institutional fabrics)** and value housings in Dubai, Riyadh, Doha, which favor cost‑competitive suppliers like Pakistan versus Turkey/India. (Inference based on trade structure and GCC growth; not from a single quantified source.) #### Rice – sharp downturn in FY 2025‑26, pivoting toward Africa and Asia - Food exports as a group in the first **10 months of FY 2025‑26 fell 32.2% YoY to US$4.19bn**, largely because of rice.([focuspakistan.net.pk](https://focuspakistan.net.pk/pakistan-food-exports-2026/?utm_source=openai)) - Pakistan’s **basmati rice exports** in Jul 2025–Jan 2026 declined **6.6% YoY** in value to **US$477.7m**, while **IRRI‑6/non‑basmati** exports plunged **50.9%** to **US$827.8m vs US$1.62bn** a year earlier.([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai)) - An official document cited by INP notes **India’s re‑entry** and aggressive support—exporting **45–50 MMT of rice with a 24% domestic subsidy and FTA‑enabled access** in certain markets—has eroded Pakistan’s competitiveness, especially in price‑sensitive African destinations.([inp.net.pk](https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai)) **Destination shifts (especially Africa & Middle East)** - Africa remained Pakistan’s largest rice export market in H1 FY 2025‑26 but: - Exports to Africa fell to **US$326m and 847,821 tonnes**, from **US$564m and 1.10m tonnes** a year earlier (value −42%, volume −23%).([inp.net.pk](https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai)) - Middle East (excluding UAE) also weakened: - Rice exports dropped from **US$190m and 210,016 tonnes** to **US$90m and 104,079 tonnes** (value −53%, volume −50%).([inp.net.pk](https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai)) - Despite the current dip, longer‑term data show: - Rice accounts for **~6–8% of Pakistan’s total exports** over recent years. - The **GCC (UAE, Saudi Arabia, Iraq)** routinely absorbs **>60% of basmati rice exports**, making the Middle East structurally critical for Pakistan’s premium basmati segment.([pakistanrice.com](https://pakistanrice.com/ricepedia/pakistan-rice-export-statistics/?utm_source=openai)) **Recent pivot and market diversification** - Reporting in April 2026 notes Pakistan is **accelerating diversification toward Africa, Central Asia, and Far East Asia** in response to freight disruptions and competition, while still serving over **150 rice destination countries** with **4.5–5.5 MMT exportable surplus** from annual production of 9–10 MMT.([english.aaj.tv](https://english.aaj.tv/news/330459170?utm_source=openai)) #### Mango exports – niche but strategic, quality‑sensitive Recent 90‑day sources on mangoes are thin, but based on latest official and trade‑association commentary (up to 2025, carried forward): - Pakistan typically produces **1.7–1.8 MMT of mangoes annually**, exporting **<10%** of production; main export windows are **May–September**. - Key destinations: **UAE, Saudi Arabia, Qatar, Kuwait, Oman** in the GCC; plus **UK/EU (UK, Germany)** for higher‑value, air‑freighted consignments; and **regional markets** (Afghanistan, Central Asia). (Inference from historical export patterns.) - EU interceptions of Pakistani agri‑products (including rice, but indicative of broader SPS performance) declined from **77 cases in 2024 to 38 in 2025 and only 5 through April 2026**, reflecting investment in compliance and quality — this indirectly supports mango export prospects to Europe where MRL and fruit‑fly controls had been binding constraints.([english.aaj.tv](https://english.aaj.tv/news/330459170?utm_source=openai)) **Strategic implications for mango exporters (2026 season):** - Growth upside is in **premium, branded mangoes** into GCC retail and selective EU channels, but depends on **cold‑chain and SPS compliance** rather than volume alone. - Freight and handling costs (see Section 2) will strongly shape air‑freight mango economics from Karachi/Lahore to Dubai, Jeddah, London. #### Seafood – bright spot with volume growth and market upgrading - Pakistan’s **seafood exports hit a record 216,000+ tonnes in FY 2024‑25, +8.3% YoY** in volume, though value underperformed targets due to soft international prices.([seafoodsource.com](https://www.seafoodsource.com/news/supply-trade/pakistan-seafood-exports-set-volume-record-in-2024-25-fiscal-year-but-fall-short-of-value-targets?utm_source=openai)) - According to PBS‑based reporting for FY 2025‑26 (first 10 months), **fish & fish preparations exports increased 6.1% YoY to about US$393m (from US$371m)**, making seafood one of the few food segments still growing in 2025‑26.([focuspakistan.net.pk](https://focuspakistan.net.pk/pakistan-food-exports-2026/?utm_source=openai)) **Destination and demand pattern** - Core markets: **China**, **South‑East Asia**, **Middle East (UAE, Saudi Arabia, Egypt)**, and the **EU**. - Constraints include: - Historic bans or restrictions (e.g., Saudi shrimp ban since 2016 due to WSSV); - Limited number of plants approved for **EU and US** due to sanitary/hygiene requirements.([seafoodsource.com](https://www.seafoodsource.com/news/supply-trade/pakistan-seafood-exports-set-volume-record-in-2024-25-fiscal-year-but-fall-short-of-value-targets?utm_source=openai)) - Nonetheless, exporters report **“better processing and new international markets”** as key drivers of recent growth, suggesting movement into **higher‑value forms** (processed shrimp, cuttlefish, cephalopods) and more diversified destinations beyond a few Asian buyers.([focuspakistan.net.pk](https://focuspakistan.net.pk/pakistan-food-exports-2026/?utm_source=openai)) **Middle East / Europe / Africa in seafood** - **Middle East:** strong demand in UAE, Saudi Arabia, and Gulf for frozen fish and shrimp; UAE acts as a re‑export and processing hub. - **Europe:** high‑value but quota/SPS‑constrained; Pakistani processors with EU‑approved plants target **Spain, Italy, Portugal** (cuttlefish, squid) and some Northern European buyers.([seafoodsource.com](https://www.seafoodsource.com/news/supply-trade/pakistan-seafood-exports-set-volume-record-in-2024-25-fiscal-year-but-fall-short-of-value-targets?utm_source=openai)) - **Africa:** remains more of a sourcing region than destination; some Pakistani operators use African ports for transshipment and fishing access rather than final consumption markets (inference from trade patterns). **Key takeaways for 2026 market positioning** - **Textiles:** modest growth; opportunity in **higher‑value, sustainable textiles** for EU/UK and stable demand in GCC. - **Rice:** in a **price‑driven downturn**, hit by Indian competition and lower global prices; strategy is **product and market differentiation** (premium basmati to GCC/EU, branding, and diversification into Central Asia/Far East). - **Mangoes:** small but premium niche; upside if air‑freight and cold‑chain costs are managed and SPS standards maintained. - **Seafood:** outperforming other foods with **+6–8%** growth; scope to consolidate gains in China/GCC and selectively rebuild EU/US access. **Sources – MARKET_DYNAMICS:** ([profit.pakistantoday.com.pk](https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai)) === 2. [INDUSTRY_OUTLOOK] South Asia freight & ports – Karachi / Port Qasim, routes via UAE & India, 2026 === #### Spot container rate environment (early–mid 2026) - Global spot rates remain elevated vs pre‑2020 but below mid‑2025 peaks tied to Red Sea/Hormuz disruptions. - A March 2026 Freightos update notes **Shanghai–Jebel Ali spot rates above ~US$7,000/FEU** at that time, after surges related to Gulf and Red Sea security risks.([reddit.com](https://www.reddit.com/r/zim/comments/1s3joqa/freightos_weekly_update_march_25_2026_excerpts/?utm_source=openai)) - Asia–US lanes in March 2026: - Asia–US West Coast: **US$2,100/FEU, +3% WoW** - Asia–US East Coast: **US$3,100/FEU, +4% WoW** — suggesting global container prices remain sensitive to geopolitical risk, with spill‑overs to South Asian exporters.([reddit.com](https://www.reddit.com/r/zim/comments/1s3joqa/freightos_weekly_update_march_25_2026_excerpts/?utm_source=openai)) For **Pakistan‑Gulf** specifically, live rate platforms (e.g., Cogoport) show Karachi–Jebel Ali FCL rates updated **1 May 2026**, with dynamic pricing; levels fluctuate by carrier and equipment but clearly track global volatility.([cogoport.com](https://www.cogoport.com/rates/karachi-sp-to-jebel-ali-sp?utm_source=openai)) #### Karachi & Port Qasim – capacity, congestion, and role in regional networks - **Karachi Port** is one of South Asia’s busier deep‑water ports; congestion has historically been an issue, leading to development of **Port Qasim** and Gwadar.([en.wikipedia.org](https://en.wikipedia.org/wiki/Port_of_Karachi?utm_source=openai)) - **Karachi Gateway Terminal** and Karachi Gateway Terminal Multipurpose (from Feb 2024) are designed to expand container and bulk capacity and reduce bottlenecks on the East Wharf.([en.wikipedia.org](https://en.wikipedia.org/wiki/Port_of_Karachi?utm_source=openai)) - **Port Qasim / QICT**: A 2026 South Asia Container Market Report notes Qasim International Container Terminal (QICT) as Pakistan’s key gateway for containerized trade, with lower congestion compared with some regional peers, supported by on‑dock rail and inland dry‑port connectivity (Islamabad, Rawalpindi).([containersindia.in](https://containersindia.in/wp-content/uploads/2026/03/CA-Final-Market-Report-2026.pdf?utm_source=openai)) **Throughput and regional competition** - Nearby regional hubs handle far larger volumes: - **Jebel Ali (Dubai)** processes around **11–15m TEU annually**, ranking in the global top‑10.([en.wikipedia.org](https://en.wikipedia.org/wiki/List_of_busiest_container_ports?utm_source=openai)) - **Mundra (India)** handles **~5–7m TEU**, making it South Asia’s largest single container port and a major transshipment node for cargo in/out of the Gulf and East Africa.([en.wikipedia.org](https://en.wikipedia.org/wiki/List_of_busiest_container_ports?utm_source=openai)) - Pakistan’s ports are therefore **feeder‑oriented** relative to these hubs, with many services structured as: - Karachi/Port Qasim → **Jebel Ali, Mundra, Colombo** → Europe, East Africa, US. #### Transshipment routes and implications for Middle East / Europe / Africa exports - For 2026, most Pakistan–EU and Pakistan–Africa container services continue to rely on **transshipment via:** - **Jebel Ali (UAE)** – primary hub for Gulf, East Africa, some Europe routings; - **Mundra/Nhava Sheva (India)** – especially for India‑linked services and some Europe/East Coast Africa strings; - **Colombo (Sri Lanka)** – alternative hub for Europe and US East Coast services.([containersindia.in](https://containersindia.in/wp-content/uploads/2026/03/CA-Final-Market-Report-2026.pdf?utm_source=openai)) - Disruptions in **Red Sea/Gulf corridors** (heightened in 2025) have: - Increased routing via **Cape of Good Hope** for Asia–Europe, and - Pushed up **Gulf hub congestion and insurance premiums** (some reports put port congestion index up ~300% and insurance +60% at peak in mid‑2025).([reddit.com](https://www.reddit.com/r/freightforwarding/comments/1li8ev8?utm_source=openai)) - For Pakistan exporters of **textiles, rice, fruit, and seafood**, this translates into: - **Longer transit times** to Europe and East Africa vs pre‑2024; - Higher and more volatile **freight rates**, particularly on reefers (mangoes, seafood); - A stronger incentive to **prioritize closer markets** (UAE, Saudi Arabia, Qatar, Oman, Iran, East Africa) where transit risk and cost are relatively lower. #### Outlook for 2026 – key themes for Karachi / Port Qasim users 1. **Rate volatility but some normalization vs 2025 peaks** - Global spot rates in early 2026 are below mid‑2025 spikes but remain **structurally higher than pre‑COVID**; South Asia–Gulf and South Asia–Europe will continue to fluctuate with security events in the Red Sea/Hormuz corridor.([reddit.com](https://www.reddit.com/r/zim/comments/1s3joqa/freightos_weekly_update_march_25_2026_excerpts/?utm_source=openai)) 2. **Capacity expansions in Pakistan reduce local congestion risk** - New terminals and upgrades at Karachi Gateway and Port Qasim (QICT) are aimed at lowering dwelling times and improving hinterland connectivity, which should gradually **improve schedule reliability and reduce port‑side costs** for exporters.([containersindia.in](https://containersindia.in/wp-content/uploads/2026/03/CA-Final-Market-Report-2026.pdf?utm_source=openai)) 3. **Growing role of regional hubs (Jebel Ali, Mundra) for Pakistan traffic** - Continued reliance on **hub‑and‑spoke** shipping: Pakistani exporters compete not just on FOB price, but also on maintaining **fast, reliable connections** via these hubs to Europe and Africa. - High‑value, time‑sensitive cargoes (mangoes, chilled seafood, fast‑fashion textiles) will increasingly depend on **priority slots and reefer availability** on feeder services to Jebel Ali/Mundra and onward long‑haul vessels. 4. **Modal and routing diversification** - Some large shippers are exploring **multimodal corridors (road/rail via Iran and Central Asia)** for regional trade, though these remain small in volume compared to sea. (Inference based on regional infrastructure developments and SBP trade discussions.) **Sources – INDUSTRY_OUTLOOK:** ([cogoport.com](https://www.cogoport.com/rates/karachi-sp-to-jebel-ali-sp?utm_source=openai)) === 3. [POLICY_REGULATORY] Pakistan export policy, customs reforms, SBP schemes, duty drawback – 2024–26, with impact on agri & textiles === #### Export incentives & industrial relief (2025–26) - A January 2026 export‑oriented incentive package, summarized in a March 2026 analysis, includes: - **Industrial electricity tariff reduction of Rs 4.04/unit** and - Lower **wheeling charges around Rs 9/unit**, directly targeting high energy costs for **export‑oriented textiles, engineering goods, and agro‑processing**.([thenews.pk](https://www.thenews.pk/magazine/money-matters/1397941-incentives-without-reform?utm_source=openai)) - The same analysis stresses that without deeper **power‑sector governance reforms and customs/logistics streamlining**, such tariff relief risks being temporary rather than transforming competitiveness.([thenews.pk](https://www.thenews.pk/magazine/money-matters/1397941-incentives-without-reform?utm_source=openai)) #### SBP export finance and incentive schemes (status as of April 2026) - SBP maintains a suite of **Refinance Facilities** to support export‑oriented sectors, notably: - **Export Finance Scheme (EFS)** – short‑term working capital support to exporters, typically at subsidized rates; - **Long‑Term Financing Facility (LTFF)** – investment financing for export‑oriented projects (e.g., textile machinery, processing plants).([sbp.org.pk](https://www.sbp.org.pk/Incen/index.asp?utm_source=openai)) - The SBP policy rate (as of **29 April 2026**) remains the benchmark for pricing these schemes, but exporters access funds at **below‑policy‑rate spreads** under EFS/LTFF.([sbp.org.pk](https://www.sbp.org.pk/Incen/index.asp?utm_source=openai)) - For **agri and food exporters**, SBP also references schemes like the **Financing Facility for Storage of Agriculture Produce**, which can indirectly support export‑grade storage/cold‑chain investments.([sbp.org.pk](https://www.sbp.org.pk/Incen/index.asp?utm_source=openai)) **Implications:** - In textiles, subsidized finance is a **core pillar of competitiveness**, enabling mills to upgrade spinning, weaving, and processing lines to meet EU/US standards while mitigating high domestic interest rates. - For rice, mango, and seafood exporters, access to long‑term finance for **processing/cold‑chain** is critical but sometimes underutilized, given collateral and documentation hurdles. #### Customs reforms & duty drawback - Pakistan’s customs framework includes **duty drawback** on inputs used in exported products. An official incentive database describes that **every export goods declaration filed under rule 444 is automatically treated as a duty drawback application**, and sanctioned refunds are paid via cross‑cheque to the exporter’s registered account.([invest.gov.pk](https://invest.gov.pk/incentives-database/1406?utm_source=openai)) - Automation and integration with the Pakistan Customs’ electronic systems (e.g., PACCS/WeBOC) are intended to **speed up drawback processing and reduce face‑to‑face interaction**, lowering corruption risk.([invest.gov.pk](https://invest.gov.pk/incentives-database/1406?utm_source=openai)) - Nonetheless, SBP and other official assessments acknowledge **persistent customs delays, overlapping inspections, and inconsistent rule interpretation**, which continue to raise transaction costs for exporters.([thenews.pk](https://www.thenews.pk/magazine/money-matters/1397941-incentives-without-reform?utm_source=openai)) **Specific relevance by sector** - **Textiles:** rely heavily on drawback for imported cotton, synthetic fibres, dyes, and chemicals; delays in refunds can strain working capital, especially for SME exporters. - **Rice & agri‑foods:** some exporters use **temporary import** or bonded‑warehouse facilities for packaging materials and processing inputs; timely drawback is less central than for textiles but still relevant. - **Seafood:** benefit more from sanitary approvals and zero/minimal duties on processing inputs than from large drawback volumes. #### Export policy direction under Uraan Pakistan (2024–29) - The **National Economic Transformation Plan 2024–29 (“Uraan Pakistan”)**, launched Dec 2024, highlights: - Chronic **weak export performance** and structural issues (low productivity, limited value addition); - Need to **modernize customs, reduce red tape, and integrate into global value chains**; - Focus on **export‑driven growth** in textiles, agriculture, IT, and manufacturing.([en.wikipedia.org](https://en.wikipedia.org/wiki/Uraan_Pakistan?utm_source=openai)) - Recent SBP Annual Reports (2023‑24, 2024‑25) emphasize: - Moving away from **ad‑hoc incentives and frequent tax exemptions** toward a **stable, rules‑based export policy**; - Addressing **SPS and quality issues** to maintain EU and other high‑value market access (e.g., reduced EU interceptions of Pakistani products).([sbp.org.pk](https://www.sbp.org.pk/reports/annual/aarFY24/Complete.pdf?utm_source=openai)) #### Sector‑specific regulatory issues (2025–26) - **Rice & agri:** - Pakistan generally maintains an **open export regime for rice** (no export bans), contrasting with India’s episodic restrictions; this is a selling point for long‑term buyers but is currently offset by price competition and lower global prices.([pakistanrice.com](https://pakistanrice.com/ricepedia/pakistan-rice-export-statistics/?utm_source=openai)) - Trade policy mentions the need to **upgrade SPS labs and traceability** to sustain access to EU/GCC; declining EU interceptions in 2024–26 indicate progress.([english.aaj.tv](https://english.aaj.tv/news/330459170?utm_source=openai)) - **Mango & horticulture:** - Compliance with **EU and Middle East SPS/phyto rules (especially fruit fly and MRLs)** remains central; Pakistan has invested in **vapor‑heat treatment and hot‑water treatment plants** and in accredited labs (carried over from earlier years, referenced in recent SPS commentary). - **Seafood:** - Exporters continue to work under **EU hygiene and US FDA standards**; only plants meeting these can ship to those markets. - Saudi Arabia’s shrimp import ban (since 2016 due to WSSV) still constrains one key Gulf market, although Pakistani exporters have compensated by expanding into other destinations.([seafoodsource.com](https://www.seafoodsource.com/news/supply-trade/pakistan-seafood-exports-set-volume-record-in-2024-25-fiscal-year-but-fall-short-of-value-targets?utm_source=openai)) #### Overall policy/regulatory outlook for 2026 - **Positive elements:** - Lower **industrial power tariffs** and continuing **SBP export finance** improve cost competitiveness, especially for textiles. - Ongoing **customs automation and duty‑drawback streamlining** should gradually reduce lead times. - Declining **EU SPS interceptions** suggest more reliable access to premium markets for rice, mango, and other agri‑exports. - **Risks / constraints:** - Without deeper structural reforms—customs governance, coherent tax policy, consistent exchange‑rate management—the current mix of incentives may have **limited long‑term impact** on export diversification and upgrading.([thenews.pk](https://www.thenews.pk/magazine/money-matters/1397941-incentives-without-reform?utm_source=openai)) - External shocks (Red Sea/Hormuz, global demand cycles) can quickly erode gains from domestic policy measures. **Sources – POLICY_REGULATORY:** ([thenews.pk](https://www.thenews.pk/magazine/money-matters/1397941-incentives-without-reform?utm_source=openai)) Sources: • Pakistan's exports rise 4.7 pct in FY2024-25 despite June slowdown https://english.news.cn/asiapacific/20250703/8143287fafea4a16a9311422dc305394/c.html?utm_source=openai • Pakistan’s 2025 Export Performance Highlights Strong Textile Sector Amid Trade Deficit Expansion | Tridge Insights https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLXT36jqDkz1vpADz9L9WNoh?utm_source=openai • Pakistan's textile exports rise 1.25% to $10.9 billion, food exports fall 35% in 2025-26 - Profit by Pakistan Today https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai • Pakistan's textile exports rise 1.25% to $10.9 billion, food exports fall 35% in 2025-26 - Profit by Pakistan Today https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai • Pakistan’s 2025 Export Performance Highlights Strong Textile Sector Amid Trade Deficit Expansion | Tridge Insights https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLXT36jqDkz1vpADz9L9WNoh?utm_source=openai • 2023-2024 October 17, 2024 https://www.sbp.org.pk/reports/annual/aarFY24/Complete.pdf?utm_source=openai • Pakistan Food Exports 2026 Fall 32% Despite Strong Growth https://focuspakistan.net.pk/pakistan-food-exports-2026/?utm_source=openai • Pakistan's textile exports rise 1.25% to $10.9 billion, food exports fall 35% in 2025-26 - Profit by Pakistan Today https://profit.pakistantoday.com.pk/2026/02/18/pakistans-textile-exports-rise-1-25-to-10-9-billion-food-exports-fall-35-in-2025-26/?utm_source=openai • Pakistan’s rice exports slump sharply in first half of FY26 amid mounting competition-INP https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai • Pakistan’s rice exports slump sharply in first half of FY26 amid mounting competition-INP https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai • Pakistan’s rice exports slump sharply in first half of FY26 amid mounting competition-INP https://www.inp.net.pk/news-detail/inp-wealthpk/pakistans-rice-exports-slump-sharply-in-first-half-of-fy26-amid-mounting-competition?utm_source=openai • Pakistan Rice Export Statistics | Ricepedia https://pakistanrice.com/ricepedia/pakistan-rice-export-statistics/?utm_source=openai • Pakistan pivots rice exports to Africa and Asia as shipping disruptions reshape trade flows - Pakistan - Aaj English TV https://english.aaj.tv/news/330459170?utm_source=openai • Pakistan pivots rice exports to Africa and Asia as shipping disruptions reshape trade flows - Pakistan - Aaj English TV https://english.aaj.tv/news/330459170?utm_source=openai • Pakistan seafood exports set volume record in 2024-25 fiscal year but fall short of value targets | SeafoodSource https://www.seafoodsource.com/news/supply-trade/pakistan-seafood-exports-set-volume-record-in-2024-25-fiscal-year-but-fall-short-of-value-targets?utm_source=openai)