Textile exports rise to $1.48b

Likewise, exports of knitwear increased by 10.75%, from $392.711 million to $434.926 million

App August 17, 2022
Outstanding borrowing by textile manufacturers spiked to Rs1.43 trillion by the end of February 2022 compared to $1.13 trillion in the same month of the previous year. PHOTO: FILE



Exports of textile commodities increased 0.67% during the first month of current fiscal year as compared to the corresponding month of last year. Textile exports were recorded at $1,481.021 million in July 2022 against exports of $1,471.185 million in July 2021, showing a growth of 0.67%, according to latest data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. Textile commodities included cotton cloth the exports of which increased 1.42% to $181.984 million during July 2022 as compared to exports of $179.443 million in July last year. Other commodities that witnessed growth included raw cotton, the exports of which grew 100% to $1.094 million and yarn other than cotton yarn whose exports surged 17.78%, from $2.863 million to $3.372 million. Likewise, exports of knitwear increased by 10.75%, from $392.711 million to $434.926 million.

Published in The Express Tribune, August 17th, 2022.

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