Textile exports up

Country’s textile exports have started showing an upward trend and have registered 7.2% upward growth to US$ 8.79 billion in first eight months of the current financial year July 2017 to February 2018.

Textile exports, which account for around 60% of the country’s total exports accounting to US$ 8.21 billion during the corresponding period of the last fiscal year.

During the period under review, knitwear exports recorded the highest 13.3%, readymade garments rose by 13.1%, bed wear exports increased by 4.5%while cotton cloth exports remained flat.

It is a matter of bitter record that the country’s exports have been showing downward trend during the last four years but exports package of Rs 180 billion announced by the Federal government in January 2017 comprising rebates and tax concessions have encouraged the exporters to view for additional shares in the international market for Pakistani goods.

 

 
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