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Textile exports up by 23.65%, touch $4.1billion
29
Nov '10
The Federal Statistics Bureau (FBS) recently stated that, there has been a 23.65 percent rise in country's overall textile exports for the initial four months (July-October) of the current fiscal which have reached $4.107 billion as compared to $3.321 billion worth of exports, registered during the same period last fiscal.

As the global economy has recovered from recession that lasted for two long years, the economy in Pakistan also experienced the upturn and as a result of this it registered an increase in textile exports.

All finished goods including knitwear, towels, cotton cloth, bedwear and ready to wear clothes, which together constituted the country's textile exports, depicted a rise during the period under consideration.

As revealed by FBS, the cotton cloth exports for the period under consideration grew by 26.57 percent to touch $733.9 million, up from the $579.8 million exports recorded during the same period last year.

Meanwhile, knitwear exports showed an increase of 21.39 percent and were recorded at $753.9 million against $621 million last year.

Other textile export segments like towels, bedwear and readymade garments too registered a growth of 13.64 percent, 14.78 percent and 38.41 percent respectively.

According to the experts, the speed at which textile exports have grown in the initial four months of current fiscal, would make it possible for the sector to achieve the export target of $10.64 billion, set for the current fiscal.

The textile exports for last fiscal were registered at $10.244 billion as against $9.572 billion worth of exports in 2008-09.

Fibre2fashion News Desk-India

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