The value of textile and garment exports made by Pakistan increased by 0.04 per cent year-on-year in dollar terms in fiscal 2016-17 that ended on June 30, according to data from Pakistan Bureau of Statistics. During July-June 2016-17, Pakistan earned $12.452 billion from textile and apparel exports compared to $12.447 billion in the same period of 2015-16.

Category-wise, knitwear exports showed a slight decrease of 0.07 per cent year-on-year to $2.362 billion during the twelve-month period, while exports of non-knit readymade garments were up by 5.55 per cent to $2.316 billion.

Among textiles, raw cotton exports fetched $42.852 million during the period under review, showing a sharp drop of 44.08 per cent compared to exports of $76.631 million during the previous fiscal. Likewise, cotton yarn exports fell by 1.69 per cent to $1.243 billion, as against exports of $1.264 billion made during in 2015-16.

Exports of cotton fabric dropped 4.23 per cent to $2.120 billion during July-June 2016-17, while bedwear exports increased by 5.65 per cent to $2.133 billion, the data showed.

On the import side, synthetic fibre imports were up 0.57 per cent year-on-year to $484.713 million, whereas imports of synthetic and artificial silk increased 2.49 per cent to $634.966 million.

Meanwhile, the value of textile machinery imports by Pakistan increased 20.66 per cent year-on-year to $556.837 million during the same period, which shows a return of confidence among the country’s textile entrepreneurs. (RKS)

Fibre2Fashion News Desk – India

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