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Textile exports show meager growth

24
Feb '10
Textile exports of Pakistan grew 2.27 percent up during the first seven months (July-January) of ongoing fiscal, against corresponding period last year. Regardless of a number of challenges, these exports showed improvement, reported Federal Bureau of Statistics (FBS).

This positive trend in textile export, which was affected badly due to the power crisis since last few years, is an affirmative signal for country's overall export that has been witnessing tumbling phase since the beginning of current fiscal.

Textile exports increased to $5.946 billion from $5.814 billion, recording a growth of 2.27 percent during first seven months of the current fiscal against the same period of last fiscal.

While in the month of January this fiscal, export of textile items soared up by 23.85 percent to $930 million from $751 million, the export value recorded in corresponding month of 2009, as per official data.

During this period of seven months, export of raw cotton showed robust hike of 142.07 percent, cotton yarn increased by 30.78 percent, yarn by 57.59 percent, while art silk and synthetic textile grew by 85.61 percent and that of ready-made garments, made-up articles and other textile materials by 3.24 percent, 3.30 percent and 38.41 percent respectively.

However, few items showed declining trend during this period, which include, cotton fabric, cotton carded, knitwear, bed-wear, towels and tents, these items plunged down by 20 percent, 62.72 percent, 6 percent, 5 percent, 1.23 percent and 10.29 percent respectively.

Fibre2fashion News Desk - India


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