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Textile exports post 4.10%

growth in four months, cross

$4,586 billion mark

Textile group exports from the country during the exports included cotton yarn decreased by 2.14
Competitive textile industry
first four months (July-October) of current financial per cent, cotton cloth by 4.83 per cent, tents,
year increased by 4.10% as compared to the canvas and tarpulin by 1.58 per cent.
exports of the corresponding period of last year. During the period from July-October, 2019, the
in larger interest of textile
Meanwhile, textile sector exports witnessed about country exported about 40,246 thousand dozen of
7.44% growth in the month of October, against the knit wear valuing US $1.054 billion against the
exports of same month last year, according to the exports of 37,790 thousand dozen worth of US
value chain
latest data of advance releases on foreign trade $962.862 million in the same period last year, which
statistics, released by the Pakistan Bureau of was up by 9.49 per cent.
Statistics. During the period under review, 172,547 metric
Chairman APTMA
During the period from July-October, 2019-20, tons of bed wear worth US $817.665 million were
textile products worth over US $4.586 billion also exported as compared to the exports of
exported against the exports of US $4.406 billion of 144,574 metric tons valuing US $773.447 million in
the same period last year, showing an increase of the same period last year. The exports of above
Syed Ali Ahsan, Chairman APTMA, said that a export quantity is still 44pc lower as compared to the
product witnessed 5.72 per cent growth in the first
4.10 percent.
competitive and viable domestic textile industry is in maximum export quantity of yarn at 60,000 per
four months of current financial year.
the larger interest of the textile sector across the month. More than 80 percent lower count yarn (below
On month on month basis, textile products over US
value chain. 20) being exported are not in demand of the
$1.214 billion exported in month of October, as Meanwhile, 58,030 metric tons of towels worth US
compared to the exports of US $1.130 billion of the domestic industry and this decline is affecting the
$251.647 million were also exported as compared
Relative to the gravity of the situation, initiatives have value added industry. More than 10,000 tonnes yarn
to the exports of 60,041 metric tons valuing US
same month last year. During the period under
been announced and implemented by the per month is being imported by the value added
review, exports of readymade garments grew by 12
$249.651 million in the same period last year. From
government to ensure regionally competitive energy; industry.
per cent, knitwear 9.49 per cent, bed wear 5.72 per
July-October, country fetched $906.663 million by
electricity and gas, to the exporting industry five zero exporting about 19,954 thousand dozen of ready
cent, towels 0.80 per cent, art, silk and synthetic
rated sector. Consequently, viability as well He said some mills are designed for export
made garments, which were recorded at 15,119
textile increased by 9.46 per cent respectively.
confidence of the businessmen/industrialists and production and cannot be forced to sell locally
thousand dozen worth US $809.520 million in the
prospective investors have been restored. amidst long unreliable credit sales and previous bad
Meanwhile, exports of raw cotton from the country corresponding period last year.
during the period under review increased by 0.78 debts in the knitwear sector. Such mills should not be
A policy framework is being prepared by the industry forced to close down their operations. He has urged
However, exports of raw cotton from the country
per cent, cotton carded or combed 100 per cent
across the value chain under the supervision of Mr upon all the subsectors to learn coexistence for the
came down from US $392.948 million in the first
and yarn other then cotton yarn grew by 21.24 per
Abdul Razzak Dawood (Advisor to Prime Minister) betterment of their respective sectors.
four months of last financial year to US $384.553
cent respectively, the data revealed.
and Dr Salman Shah (Chairman Task Force) to million in the same period of current financial year.
achieve an export target of $50 billion in five years – Mr Gohar Ejaz, Patron-in-Chief APTMA said that
The exports during the period increased from US
However, in the last four months of the current
attracting huge investments and creating 15 million major Textile Groups of Punjab have decided after 10
$7.270 billion during last year to US $7.547 billion
financial year, the exports of textile products which
during the current fiscal year, showing growth of
direct workforce in line with the manifesto of the years to Invest $1 billion this year to avail the
observed negative growth in their respective
3.81 per cent.
present government. export-friendly policy of the government, especially
the energy policy of 7.5 cents electricity and 6.50
In quantitative terms the export of yarn has declined dollars of gas for zero rated export sector and Long
by 24pc in the month of March and the per month Term Finance Availability’ by the SBP.
April/May 2020
October/November 2019 April/May 2019