Home / Knowledge / News / Textiles / Pakistan's textile exports dip marginally in July 2014
Pakistan's textile exports dip marginally in July 2014
29
Aug '14
The exports of textiles and garments from Pakistan dipped marginally by 2.37 percent year-on-year to US$ 1.169 billion in the first month of fiscal year 2014-15 that began on July 1, according to the data released by the Pakistan Bureau of Statistics.
 
In July 2014, Pakistan’s knitwear exports grew by 21.66 percent year-on-year to US$ 238.733 million, while export of cott0n fabric declined by 8.13 percent to $211.587 million.
 
Similarly, bedwear exports fetched $195.876 million, showing an increase of 14.54 percent in July 2014, over $171.009 million worth of exports made in the corresponding month of last year. Readymade garment exports increased by 3.76 percent to $186.236 million, whereas cotton yarn exports fell by 35.32 percent to $131.297 million during the month under review.
 
On the other hand, the import of synthetic fibre by Pakistan surged 55.37 percent year-on-year to $43.448 million, whereas imports of synthetic and artificial silk yarn witnessed a growth of 41.14 percent to $61.401 million.
 
Meanwhile, the value of textile machinery imports made by Pakistan during the month rose by 23.26 percent year-on-year to $41.731 million, which shows that enterprises are continuing to invest in new machinery, in view of the European Union’s Generalised System of Preferences Plus (GSP Plus) status achieved by Pakistan from the beginning of this year.
 
To boost export of value-added textile items, the Government of Pakistan has announced repayment of customs duty paid on imported raw materials used in the manufacture of textile goods meant for export.
 
The imported raw materials cover a range of inputs including enzyme, Sodium Persulphate, Hydrogen Peroxide, Peroxide Stabilizer, Mercerizing Assistant, Sequestering Agent, Wetting Agent/Detergent, Acetic Acid/Neutralizing Agent, Provatex CP – a fire retardant chemical, Resin-Lyofix CHN, Turpex-Can strength improver softener, etc.
 
The repayment of duty would be available on the export of 100% cotton or blended polyester/ cotton/Trevira (all blends) dyed THPC fire or flame retardant woven fabric; 100% cotton dyed THPC fire or flame retardant (Provatex ACS special) woven garments; blended cotton/ polyester/Trevira (all blends) dyed THPC fire or flame retardant (Provatex ACS special) woven garments and many other textile products.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search