Demonstrating a strong performance, Pakistan's textile rose by 17.9 percent to $1.605 billion in Sep 2024as compared to $1.36 billion in the same month last year. Driven by an increase in exports of finished goods, this growth signals a shift in the industry towards exporting value-added products rather than raw materials.

Pakistan’s RMG exports increased by 35 percentduring the month,as per latest figures from the Pakistan Bureau of Statistics (PBS).For the entire fiscal year 2023-24, Pakistan’s textile exports rose by 0.9 per cent to $16.65 billion.

In Sep’24, cotton cloth exports by Pakistan grew 15.33 percent to $201 million while knitwear exports expanded by 29.57 per cent to $448.3 million. The exports of bed wear increased by 24.8 percent to $290.2 million while towel exports grew by 7.35 percent to $90.55 million.Pakistan also recorded a 35 per cent increase in RMG exports to $338.4 million from the previous year. Conversely, exports of unfinished products, especially raw materials, declined sharply. Exports of cotton yarn declined by 54.22 percent to $52 million, while raw cotton exports contracted to zero.