Pakistan has reported positive textile and clothing exports in the month of July 2017. The country’s exports grew 3 per cent to reach US $ 1.006 in the said month.
According to Pakistan Bureau of Statistics (PBS), the country witnessed US $ 979.41 million earnings from its T&C exports in the July month of 2016. The Government’s efforts such as the release of pending funds and uninterrupted gas and electricity supply to the textile sector helped the industry garner growth, claims PBS.
In July, RMG (ready-made garments) exports from Pakistan clocked 20.47 per cent growth. The RMG product category stood tall among all other segments in 2016 as well, in export terms.
Amidst rise in RMG exports, Pakistan reported a severe drop of 5.8 per cent in its knitwear exports in July. Export of bed wear was marginally up by 0.57 per cent, while those of towels tumbled by 13 per cent during the month.
Export of primary commodities such as cotton yarn witnessed an increase of 6.3 per cent year-on-year while cotton cloth and yarns (other than cotton) noted a rise of 8 per cent and 34 per cent, respectively.
Other textile products such as made-up articles (excluding towels) rose 4 per cent, whereas tents, tarpaulin and canvas grew by 26 per cent.
However, Pakistan noted a massive drop of 70 per cent in raw cotton exports in July on the yearly note. “The reason for this decline is the failure of GSP+ scheme that could not boost the raw cotton export due to the sluggish European market,” claims PBS.
