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Pakistan: Textile exports record 6.2 per cent rise

As per latest figures from the Pakistan Bureau of Statistics (PBS), there has been 6.2 per cent rise year on year in textile and clothing exports which touched $1.064 billion in March this year, mainly driven by value-added products such as garments. Exports of readymade garments registered an increase of 19.5 per cent and knitwear rose to 5.4 per cent. Exports of bed-wear and towels increased 5.4 per cent and 15.8 per cent respectively.

Cotton yarn exports also saw a rise year-on-year of 5 per cent. A decline in exports of cotton cloth and yarn (other than cotton’s) was recorded at 5.5 per cent and 26.9 per cent.The receipts from silk, art and synthetic textile rose 2.7 per cent and the ones from raw cotton declined 2.9 per cent year on year. Exports of items like tents, canvas and tarpaulin rose by 71.8 per cent and made up articles excluding towels increased 16 per cent in the current nine months of this FY 2016-17.

The government in the preceding year had introduced a policy which provided a 4 per cent rebate on exports of readymade garments subject to a 10 per cent rise over previous year, 1 per cent on fabric and 2 per cent on home textile. The exporters were paid out Rs 2.5 billion in the last financial year by the government due to the introduction of this policy. This has made a steady growth to increase the value of Pakistan’s growth within four months.

 
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