PAKISTAN: Pakistan Textile Exports surge H2 2010
Textile exports from Pakistan for July-December period of the last year was over $6.284 billion against the exports of $4.995 billion for the same period of previous year (2009-10), reported Dawn quoting government statistics.
Egytex News Desk
Source: www.commodityonline.com
The textile exports for December 2010 showed a month on month increase of 15.47% at $1.174 billion and a YOY increase of about 42.65% at $823.583 million.
Cotton cloth exports recorded an impressive 30.63% increase while raw cotton increased by 13.91% (other than cotton yarn), knitwear by 24.07%, towels by 7.23 % and readymade garments by 34.99 %.
Bed wear exports rose by 16.01 %, art, silk and synthetic textile by 69.68 % and made up articles by 21.48%.
Exports of other textile products surged by 47.73 %.
Country’s overall exports surpassed $2.12 billion mark, a surge of 35% which is a record in Pakistan’s 63-year history.
Recently India introduced an export curb on 1 million cotton bales to Pakistan to save its domestic textile industry from price surge in cotton yarn, but later on offered to lift it when a commodity war between both nations ensued.
Pakistan tuned itself into a retaliatory mode and blocked land bound onion movement to India on grounds that it had done it to tame domestic inflation.
However the blockade was imposed only on land bound onion and not on sea bound.
The textile industry in Pakistan received a body blow when India decided to block exports and Pakistani move to block onions added to inflation in India, a stark contrast worth looking at.
Pakistan Foreign Minister Shah Mahmood Qureshi had taken up the matter with India at the instance of textile industry in Pakistan.
Source: www.commodityonline.com
From the Egytex news archive, first published on 23 January 2011. Figures and names are as reported at the time.
