Textile exports from Pakistan have reported an increase during fiscal 2017-18. During the period under review, the country noted 8.67 per cent growth in textile export at US $ 13.5 billion as compared to textile exports worth US $ 12.5 billion in the corresponding fiscal last year, reveals Pakistan Bureau of Statistics (PBS).
Improved energy supply, partial release of refunds and cash subsidies under the Prime Minister Export Package and sharp rupee depreciation are major factors behind increase in textile export.
The industry in Pakistan is hopeful that growth trend is going to continue due to positive trends in the international demand and exchange rate correction, in times to come.
The value added textile sector was vital in overall increase in exports of the country which noted 13.74 per cent increase from US $ 20.4 billion in 2016-17 to US $ 23.2 billion in 2017-18.
Readymade garments and knitwear marked an increase of 11.22 per cent and 15.17 per cent respectively in the reporting fiscal.
Bedwear, made-up article, excluding towels witnessed an increase of 5.77 per cent and 7.04 per cent respectively.
Art, silk and synthetic textile collectively noted 65.09 per cent increase. Cotton yarn and cotton clothe reported an increase of 10.3 and 3.17 per cent increase respectively.