Exports up 18 per cent in first five months

TDAP chief says textile sector playing a leading role.


Express December 30, 2010

KARACHI: The first five months of the current fiscal year recorded an 18 per cent increase in exports compared to the same period last year despite energy crisis and economic slowdown, said the Trade Development Authority of Pakistan (TDAP).

The overall volume of exports from July to November this year was $8.883 billion as compared to $7.533 billion during the same period last year. Exports in the month of November stood at $1.776 billion, which was 17 per cent higher than the exports made in November last year.

“The textile sector has played a leading role in increasing the overall exports and the contribution of this sector to November’s exports stood at $1.017 billion, showing an increase of 19.58 per cent compared to the same period last year,” said TDAP Chief Executive Tariq Puri while addressing a press conference.

Exports from all the segments of textile sector witnessed growth in November 2010 compared to November 2009.

Exports of cotton yarn were up by 54 per cent to $180.1 million, knitwear exports were up by nine per cent to $160.14 million, cotton cloth up by 29 per cent to $160.13 million, bedwear up by four per cent to $140.06 million, readymade garments up by 28 per cent to $10.71 million and raw cotton up by 55 per cent to $50.89 million.

For the first five months of the current fiscal year total textile exports stood at $5.12 billion followed by manufacturing sector’s exports of $1.56 billion and food exports worth $1.190 billion.

Published in The Express Tribune, December 31st, 2010.

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