*ISLAMABAD: **Pakistan textile sector exports register increase in FY 2019.*
*Exports of textile and clothing products recorded an increase of 2.17 percent to $11.4 billion during the first ten months of the current fiscalyear as compared to the same period in last year, the Pakistan Bureau ofStatistics (PBS) reported on Monday.*
According to the report, the textile exports from the country duringJuly-April 2018-19 were recorded at $11.419 billion against the export of$11.176 billion during July-April 2017-18.
The exports of textile commodities including apparel and clothingaccessories grew from $2.24 billion last year to $2.50 billion during thecurrent fiscal year and witnessed an increase of 11.87 per cent.
The report further said that exports of clothing accessories (knitted)increased by 2.22 per cent, from $2.06 billion to $2.11 billion, whereasthe exports of other textile articles increased by 0.39 per cent, from $3.38billion to $3.39 billion.
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Similarly, the export of crocheted fabrics grew by 25.56pc, from $23.33million to $29.29 million, while the exports of man-made filamentsincreased by 29.58 per cent, from $17.94 million last year to $23.25million, read the statement.
Earlier on February 13, the textile industry had received Rs14 billionduring the first seven months of the current fiscal year under the primeminister’s exports enhancement package.
“The sector would get an additional Rs115 billion through the package inthe next five years,” Textile and Industry Secretary Iftikhar Babar hadsaid. “For the promotion of textile sector and textile-led exports, thegovernment has rationalized the price of energy, including electricity andgas, so as to help the industry grow.”
