Pakistan textile exports up by 4%

Pakistan textile exports up by 4%
ISLAMABAD: Textile exports marginally increased around 4% year-on-year to eight billion dollars in the first seven months of the current fiscal year as value-added exports showed sign of improvement during the period, reported The News.

Official data from the Pakistan Bureau of Statistics on Monday showed textile exports amounted to $7.8 billion in the corresponding period a year earlier.

Readymade garments, one of the main value-added sector, fetched $1.6 billion in July-January FY2019 compared with $1.5 billion in the corresponding period a year earlier, showing a 10.8% growth. Bedwear exports rose around 3% to $1.3 billion. Knitwear exports increased by 6.2% to $1.8 billion during the period under review. In January, textile exports increased by 2.3% year-on-year and 4.6% month-on-month.