Pakistan exported readymade garments costing around $488.81 million in the first two months of the present fiscal year in comparison to the exports of $439.224 million in the same period last year.
During the span of July-August 2018, the exports of knitwear grew by 11.29 per cent in comparison to the exports of the same period of last year, as per the data released by the Pakistan Bureau of Statistics.
In the meantime, seventy-four lac fifty thousand dozen of readymade garments, costing $435.425 million were exported during the period under consideration in comparison to the exports of 6,108,000 dozen worth $418 million in the same period of last year.
The textile group exports from Pakistan during the initial two months of the present fiscal year grew by 3.71 per cent in comparison to the same period of last year. The textile products costing $2.280 billion were exported in the year under consideration in comparison to the exports of $2.179 billion in the same period last year.
From July-August 2018, nearly 79,733 metric tonnes of cotton yarn costing $224.145 million were exported as against the exports of 81,064 metric tonnes worth $210.418 million of the same span.
During the period under consideration, the exports of raw cotton, however, dropped from $8.695 million in July-August 2017 to $3.292 million in the same months of the present fiscal year, a recorded reduction of 62.14 per cent.
The exports of cotton cloth also decreased from 345,229,000 square meters, costing $346.780 million, which were recorded at 328,741 thousand square meters costing $349.197 million during the same period of previous year, it mentioned.
In first two months, the exports of textile products recorded a positive growth by 6.52 per cent of yarn, cotton by 2.84 per cent, bedwear by 2.72 per cent, knitwear by 11.29 per cent and towels by 7.02 per cent respectively.