Figures released by the Pakistan Bureau of Statistics shows a growth of 19 percent in the 11 months of current fiscal year (11MFY21) for Pakistan’s exports of textile and clothing sectors. This data is derived by doing comparison by previous fiscal year.
Total exports of textile and clothing were up 18.85pc to $13.748 billion between July and May this year against $11.567bn over the corresponding period in FY20. On a monthly basis, export proceeds posted a growth of 41.14pc on a year-on-year basis to $1.06bn in May 2021.
Exports of ready-made garments were up by 14.35pc to $2.706bn in 11MFY21 against $2.367bn over the corresponding months of last year. Knitwear exports were up 32.70pc to $3.414bn against $2.572bn over the corresponding months of last year. Exports of bedwear increased by 24.60pc to $2.472bn this year against 1.984bn in FY20.
In the non-value added sector, exports of cotton cloth posted a paltry growth of 0.97pc in 11MFY21 from a year ago. Similarly, exports of cotton yarn declined by 1.60pc and raw cotton 96.51pc. Due to the duty free imports allowed by the government, the value added sector made use of the raw materials.
