Pakistan’s textile and apparel exports increased by % in the new financial quarter
According to Pakistan’s “Dawn” report on October 24, the Pakistan Bureau of Statistics (PBS) released data on Monday showing that Pakistan’s textile and apparel exports reached US$3.25 billion in the first quarter of fiscal year 2018 (July-September 2017), a year-on-year increase of US$3.25 billion. An increase of 8%. The analysis pointed out that cash subsidies and stable energy supply provided by the Prime Minister’s Export Stimulation Plan are important reasons for boosting exports. From the breakdown of data, the growth of exports of high value-added products is the main driving force. The export volume of ready-made garments, knitwear, and bedding increased by 19%, 9%, and 7.1% respectively. Cotton yarn exports increased by 4.5%, and other yarns increased by 7.67%. Exports of art, silk, and man-made fibers increased by 88.8%. Exports of tents and canvas fell 32%. Cotton exports increased by 69.7%. Pakistan’s textile and apparel exports increased by 8% in the first quarter of the new fiscal year
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