Forecast: ‘Textile exports likely to rise by 45%’

KARACHI: Textile and clothing exports during the current financial year are likely to rise by 45% against the previous fiscal year, according to All Pakistan Textile Mills Association (Aptma) estimates. Aptma predicts exports of $20 billion, up from the current level of $13.8 billion. “We are expecting a record domestic cotton crop of 16 million bales this year. If the average cotton price remains as low as $1 per pound, we will manage to fetch $20 billion in textile and clothing exports next year,” said Aptma Chairman Gohar Ejaz. He added that the textile industry achieved record exports of nearly $14 billion during the last fiscal year despite severe energy crisis.



Published in The Express Tribune, July 26^th, 2011.