Uganda and Pakistan report positive economic shifts in export and fiscal metrics

Uganda reported an 11.0 percent increase in export earnings for June 2026, reaching US$ 1.3 billion. This growth was driven by higher earnings from gold, cotton, electricity, tobacco, maize, and flowers. However, coffee export receipts fell by 36.3 percent to US$ 184.43 million due to lower export volumes and declining international prices. The Middle East, specifically the United Arab Emirates, accounted for nearly half of Uganda's total exports, prompting calls for market diversification to reduce dependency on a single trading partner.

In Pakistan, the fiscal deficit narrowed to 2.6 percent of GDP for FY2025-26, down from 5.4 percent the previous year. Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal noted that the country is transitioning from economic stabilization toward sustainable transformation. Other positive indicators include a 9.4 percent rise in goods exports to $3 billion in July 2026 and a 13 percent increase in remittances to $3.6 billion. Inflation also showed signs of cooling, with the Consumer Price Index at 9.2 percent in July 2026.