PAKISTAN: Pakistan Textile Exports Hit New Record.

According to country’s Federal Bureau of Statistics (FBS), export of textile products totaled $10.244 billion in outgoing financial year, as compared to $9.572 billon in the previous year, registering a seven percent growth.

During the month of June, the export of textile goods grew 9.81 percent to $921 million as against $839 million of last year, FBS added.

In the year under review, export of cotton yarn surged to $1.417 billion, registering 27.13 percent growth, compared to $1.114 billion in the previous year.
Export of raw cotton increased 124 percent to $195 million; against $87 million in the previous year and export of yarn other than cotton yarn also increased 100 percent during the year.

Export of cotton cloth and cotton carded or combed decreased seven percent and 24 percent respectively during the said year.

In value-added sector, the performance of different textile items remained mixed, as export of some goods fell and others recorded some increase.

Knitwear export registered a marginal increase of 1.16 percent to $1.761 billion, as compared to $1.740 billion. Bedwear exports fell slightly by 0.64 percent to $1.723 billion compared to $1.735 billion in the previous year.

Export of towels grew by 5.17 percent to $676 million, compared to $642 million, whereas readymade garments grew by 4.33 percent to $1.283 billion, compared to $1.230 billion a year ago.