Country's ready-made garment exports was up 15 percent during December 2006 due to increasing demand in the international market as compared to the same period last fiscal year, official statistics revealed on Tuesday.
According to the current statistics, during the month of December 2007 country's readymade garment exports stood at $132.26 million as compared to $114.969 million during the same period of the last fiscal year 2006, denoting an increase of $17.291 million or 15.04 percent during December 2006.
In December 2006, readymade garment exports also showed an increase of $31.994 million or 32 percent against November 2006 during which country's textile exports were recorded $100.266 million. During the first half (July-December) of the current fiscal year country's ready-made garment exports have increased by around 3 percent, as compared to the same period of the last fiscal year.
Readymade garment exports stood at $691.928 million during the first half (July-December) of the current fiscal year as compared to $675.108 million exports during the same period of the last fiscal year, depicting an increase of $16.82 million.
Chairman Pakistan Readymade Garment Association (PRGMEA) Ijaz Khokhar told Business Recorder that this sudden increase in the value-added garments had occurred only due to Christmas. "It is not a positive indicator for the textile sector because during the same season it goes upward every year," he said.
He pointed out that current figures should be compared with the next two months figures to assess the situation of the textile exports. He said readymade garment would certainly go down during next two months owing to decreasing sales of textile items and other products in the West.
This boost in the readymade garments exports also did not take place due to continued political turmoil in Bangladesh, because foreign textile orders diverted from their to Pakistan would come into effect three months from now, he added.
Khokhar said that the continuously increasing utility charges should capped on a permanent place to allow the exporters to make their export deals for at least one year in advance.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
