Pakistan's textile group exports have witnessed a significant decline of 14.2% during the first 10 months of the current fiscal year 2022-23 (FY23) as compared to the same period last year, according to the data released by All Pakistan Textile Manufacturers Association (APTMA).

The exports stood at $13.71 billion, compared to $15.97 billion last year. Additionally, the data showed that the country's textile exports witnessed a YoY decline of 28.7% in April 2023 and remained at $1.24 billion compared to $1.74 billion during the same month in the previous year.

Pakistan's textile industry is the backbone of its economy and one of the largest employers in the country. The industry has been struggling due to the ongoing COVID-19 pandemic, which has led to a decrease in demand for textiles globally. The industry has also been facing a shortage of raw materials and high energy costs, which have further contributed to its decline.

The decline in Pakistan's exports is a cause for concern as it could have a negative impact on the country's economy. The government needs to take steps to support the textile industry and increase exports to mitigate the impact of the pandemic on the economy.