The government set an export revenue target of US$24bn for 2010/11. In the early part of the fiscal year export performance was poor. But in March monthly merchandise export receipts stood at US$2.5bn, posting a 41% year-on-year increase. In the first nine months of 2010/11 export revenue was up by 26.5% year on year, to US$17.8bn. Textile exports performed strongly in March, being up by 44% year on year. But the best-performing sector was food, exports of which were up by 56% in the month.

The SBP has released agricultural export data for the first nine months of 2010/11. The figures reveal that despite the large losses stemming from the catastrophic floods in August-September 2010, large landowners have performed well, with export receipts for rice and wheat being particularly strong. In the first nine months of the previous fiscal year Pakistan had exported 3m tonnes of rice. In the same period of 2010/11 exports stood at 2.6m tonnes, but receipts were virtually unchanged year on year, at PRs135bn, thanks to higher international food prices. Pakistan exported 900,000 tonnes of wheat in the first nine months of 2010/11, with receipts estimated at PRs30bn. Exports of fruit, vegetables and fish also performed well. Total food exports stood at PRs264bn, up by 28% year on year in US dollar terms.