PAKISTAN: Pakistan's Textile Export surges 20% in November.

On the other hand, food product export decreased 5.58 percent to $239 million in November of the current financial year as against $254 million in the corresponding period of last fiscal. The export of petroleum group and coal managed to record 61.88 percent growth and manufactures group 9.52 percent during the month. The break-up of textile group shows that cotton yarn export continued its upward journey in November when its export increased 54.02 percent to $181 million as against $117 million. The raw cotton export increased 55.48 percent.

The knitwear export also surged almost nine percent during the month under review, cotton cloth export was up 29.22 percent, bedwear 3.89 percent and readymade garments 28.32 percent. However, towel export declined 10.51 percent during the said month. In rice export, basmati registered 1.31 percent growth and other varies’ export decreased 16.08 percent.

During July-November of the current fiscal year, the textile export also went up 22.73 percent and food group managed to post 7.26 percent growth. Textile exports came to $5.120 billion as against $4.172 billion and food export stood at $1.190 billion over $1.110 billion. In the five months period the export of knitwear recorded 20.67 percent increase to $928 million as compared with $769 million. The cotton cloth export moved up 27.87 percent, bedwear 14.22 percent, cotton yarn 17.80 percent, readymade garments 33.09 percent, towels 7.32 percent etc.