Times of Islamabad

Pakistan seek another positive economic development over exports front

Pakistan seek another positive economic development over exports front

ISLAMABAD – Textile exports from the country during first five months ofcurrent financial year grew by 4.68 per cent as compared to exports of thecorresponding period last year.

During the period from July-November 2019, textile worth US $ 5,763,614million was exported as compared to the exports of US $ 5,506,045 millionduring same period last year.

According to the data released by Pakistan Bureau of Statistics, theexports of raw cotton increased by 3.67 per cent, while about 10,769 metrictons of raw cotton valuing US $14,277 million was exported as compared tothe 8,526 metric tons worth US $ 13,772 million last year.

Meanwhile, 196,326 metric tons of yarn other than cotton yarn worth US$486,018 million were also exported in first five months of currentfinancial year as compared to the exports of 178,027 metric tons valuing US$ 472,454 million last year.

During the period under review, knitwear exports of the country alsorecorded positive growth of 8.69 per cent.

Knitwear worth US $ 1,320,804 million was exported as compared to theexports of US $ 1,215,180 million last year.