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Textile exports outlive economic meltdown

15
Apr '10
The Trade Development Authority of Pakistan (TDAP) claims that, Pakistan's overseas sale has survived through the economic meltdown.

With the overseas sales in March 2010, registering at $1.807 billion as compared to $1.312 billion in March last year, Pakistan witnessed a 37.8 percent increase. The performance in March 2010 was recorded as the highest in any month of the current as well as corresponding months of the previous five fiscal years.

Exports during the months from December – March 2010 has increased at an average of 28.3 percent over the corresponding period last year.

Predicting, that Pakistan's exports for the financial year 2009-10 will safely exceed the target figure of $18.868 billion, TDAP also states that, if the current trend continues then they presume that, Pakistan might break its $19 billion export value, achieved in the year 2007-08.

A study on the sector-wise trends of overseas sales for the year 2009-10 shows that textiles and clothing sectors displayed an ascending trend over the previous year. Key drivers of the increasing growth in this sector were cotton yarn, readymade garments and towels, art silk and synthetic textiles and raw cotton.

Fibre2Fashion News Desk - India


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