Textile exports of Pakistan surge by over 28 percent

Textile exports of Pakistan surge by over 28 percent

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ISLAMABAD: Textile exports from the country surged by 28.08 during the first two months of current financial year as against the same period of last year.

The textile exports during July-August (2010-11) were recorded at $ 1.975 billion against the exports of 1.601 billion recorded during July-August (2009-11), according to data released by the Federal Bureau of Statistics (FBS).

Textile products that witnessed positive growth included cotton yarn exports of which surged from $231.356 million last year to $ 231.441 in the current year, showing an increase of 3.85 percent.

The exports of cotton cloth increased by 24.49 percent by going up from $289.575 million to $347.442 million whereas exports of knitwear increased from $315.499 million to $367.613 million, showing an increase of 21 percent.

The exports of bed wear were recorded at $328.698 million against $274.899 million, showing positive growth of 24 percent while exports of towels were increased by 23.78 percent by growing from $106.161 million to $126.548 million.

Exports of readymade garments were increased by 55.12 percent by going up from $192.707 million to $287.635 million while exports of art, silk and synthetic textile were recorded at $102.237 million against $37.459 million, showing over 184 percent increase.

The exports of made up articles and other textile material were recorded at $100.369 million and $68.3789 million respectively, showing an increase of 30.22 percent and 84.02 percent.

The items showing negative growth in their exports included raw cotton (88.71 percent), cotton carded or combed (97.71 percent), yarn other than cotton yarn (4.9 percent) and tents, canvas and tarpaulin (3.91 percent).

Meanwhile, textile exports during August 2010 were recorded at $989.568 million against the exports of $985.858 million in July 2010 and $799,512 million in August 2009, showing increase of 0.38 percent and 23.77 percent respectively.

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