Pak?s textile & apparel exports dip

Pakistan?s exports of textile and clothing witnessed a decline of 2.64 per cent in July-August on a year-on-year basis. In absolute terms, export proceeds from the sector fell to $2.07 billion in the first two months of the fiscal year compared to $2.12bn recorded in the same period a year ago, according to data released by the Pakistan Bureau of Statistics (PBS).

Last year, exports of ready-made garments witnessed nominal growth despite a fall in the exports of most products. In July-August, exports of ready-made garments witnessed an increase of 3.76 per cent from a year ago while those of bed wear surged 5.28 per cent. However, exports of knitwear, which is a value-added segment, declined 3.18 per cent during the months under review on an annual basis.

Exports of tents, canvas and tarpaulin went up by 82.55 per cent year-on-year while made-up articles, excluding towels, rose by 11.83 per cent and other textile materials increased by 9.35 per cent over the period under review.