Exports to Europe dip despite GSP+
ISLAMABAD: Despite having Generalised Scheme of Preferences (GSP+) status, Pakistan’s exports to major western and eastern European markets fell in the first quarter of 2026-27 compared with the previous year. Overall exports to Europe dipped modestly, with a slight increase in proceeds from southern and northern European countries during the July-September quarter, raising serious concerns for policymakers. The ongoing Middle East conflict has accelerated the decline in exports to these markets, along with the European Union’s preferential market access offered to India, one of Pakistan’s k