Pakistanís textile exports stagnant; RMG marks
Mainstay of Pakistanís economy, the textile industry of the country
is in a sticky situation lately.
As per reports, in the first 10 months of the current fiscal year of
2018/19, textile exports from Pakistan remained flat at US $ 11.1
billion, as compared to the corresponding period of the previous
year. And this despite Governmentís various measures to boost
However, on the positive side, export of readymade garments, bedwear
and knitwear registered growth in the period under review.
As per data from Pakistan Bureau of Statistics (PBS), export of RMG
improved 3.2 per cent to US $ 2.1 billion, while export of knitwear
exports increased by 7 per cent year-on-year to US $ 2.3 billion
and, export of bedwear marked an increase of 2.4 per cent to US $
Further, in this period, export of raw cotton declined drastically
by 67.2 per cent to US $ 18.5 million while export of cotton yarn
fell 15.7 per cent to US $ 941.3 million.
Exports of cotton cloth also reportedly fell 2.7 per cent to US $
1.7 billion (in the July-April period of the current fiscal year).
It may be mentioned here that due to continuous devaluation of rupee
(fell by around 20 per cent in last year alone), exporters are able
to improve on their margins on exports but on the flipside cost of
doing business has gone up significantly.