Page 24 - May-June-2018

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50% of global textile machinery

shipments to China - IMTF

Founded in 1904, ITMF is an international forum for shipments.
the global textiles industry, dedicated to keeping its
worldwide membership constantly informed through China is adapting automated and efficient machines
surveys, studies and annual conferences as well as to offset rising wages. The machines are faster,
publishing considered opinions on future trends and efficient and consume less energy and water.
international developments.
The demand for textile is increasing particularly in
Mr Christian Schindler, director general of the China because China will be the largest retail market
International Textile Manufacturers Federation said in the world by 2020 according to the Euromonitor
that the textile machinery investment is highest in with a retail value of $341 billion surpassing the retail
China and Asia which is the main reason behind their value of EU and US that is $303 billion and $289
high productivity. Asia and China accept billion respectively.
approximately 50% of global textile machinery

AD

Readymade garments exports

increase by 13% in 11 months

In the current financial year during the last 11 From July – May, bed wear exports of 338,377
months ready-made garments worth US$ 2.345 metric tons showed an increase of 6.65% valued
billion were exported as compared to exports of US$ 2.055 billion against 1.927 billion of previous
corresponding year worth US$ 2.075 billion. year of 320,998 metric tons.

According to the data released by the Pakistan During the same period of last 11 months of the
Bureau of Statistics, exports of ready-made current financial year, the data revealed that
garments increased by 13 percent during the exports of towels increased by 1.66% as 189,793
period from July to May, 2017-18. metric tons of towels valued US$ 736.924 million
were exported and last year during same period
In 11 months of current financial year about 38,195 178,953 metric tons worth US$ 724.863 million
thousand dozens of ready-made garments were were exported.
exported compared to 31,584 thousand dozens of
ready-made garments of the same period last year. It may be recalled that textile group exports from
Pakistan during the period under review witnessed
Meanwhile, Pakistan earned US$ 2.480 billion by 9.82% increase as textile products worth US$
knitwear exports of 98,783 thousand dozens 12.336 billion were exported as compared the
against last year’s 93,644 thousand dozens worth exports of US$ 11.232 billion of same period
US$ 2.106 billion. last year.

May/June 2018