Pakistan’s textile exports grew over one per cent in eight months of the ongoing fiscal year. The country’s overall exports grew 1.9 per cent.
Exports of knitwear grew by 11.36 per cent. Exports of bed wear recorded an increase of 3.53 per cent and exports of made-up articles went up by 2.12 per cent. Exports of readymade garments surged 2.72 per cent. Cotton yarn exports witnessed an increase of 13.53 per cent. Exports of food commodities recorded an increase of 1.08 per cent. Exports of fruits recorded a growth of 15.29 per cent, vegetables 1.21 per cent, and oil seeds, nuts and kernels exports were up by 121.7 per cent.
But exports of raw cotton fell by 72.49 per cent. Towel exports too declined 1.29 per cent. Pakistan’s textile exports have not increased despite the fact that the country had depreciated the currency and reduced the prices of electricity and gas. On the other hand, imports went down by 6.13 per cent in the first eight months of the year. Expenditure on imports of petroleum was up 6.7 per cent than a year ago. Other major import groups were of liquefied natural gas, liquefied petroleum gas and food commodities.