Home / Knowledge / News / Textiles / Pakistan's textile & garment exports grow in 2013-14
Pakistan's textile & garment exports grow in 2013-14
23
Jul '14
The exports of textiles and garments from Pakistan grew by 5.3 percent year-on-year to US$ 13.738 billion in the fiscal year 2013-14 that ended on June 30, according to the latest data released by the Pakistan Bureau of Statistics.
 
During July-June 2013-14, the exports of cotton cloth fetched $2.773 billion, showing a growth of 3.11 percent over exports worth $2.689 billion made during the previous fiscal year.
 
Knitwear exports jumped 10.53 percent year-on-year to $2.258 billion during the year, while woven garment exports shot up by 8.67 percent to $1.955 billion, as per the data.
 
The exports of raw cotton from Pakistan jumped 33.27 percent year-on-year to earn $205.139 million in revenue during the year, while its imports declined by 34.87 percent to $573.867 million.
 
The import of synthetic fibre by Pakistan increased by 13.01 percent year-on-year to $442.602 million, whereas imports of synthetic and artificial silk yarn witnessed a growth of 15.36 percent to $624.049 million.
 
Meanwhile, the value of textile machinery imports made by Pakistan during the year surged up by 54.28 percent year-on-year to $599.219 million, which shows that enterprises have started investing in new machinery, especially after the country attained European Union’s Generalised System of Preferences Plus (GSP Plus) status from the beginning of this year.
 
Pakistan is expecting a $1 billion growth in its annual textile and apparel exports following the country gaining EU’s GSP Plus status.
 
Last week, Commerce Minister Khurram Dastagir Khan said the Government is planning to revive the closed textile units, so as the increase the country’s annual exports by $1 billion and create about 100,000 new jobs in the process.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search