Non-textile exports dip 6pc to $7.4bn.

ISLAMABAD -- Amid a global economic slowdown, Pakistan's exports of non-textile products decreased 6.16 per cent year-on-year to $7.46 billion in the first eight months of FY23.

The stagnation in export proceeds of the non-textile sector was noted since the start of the current fiscal year as demand slowed down in the buyers' market.

No growth was recorded in exports since September 2022 on a year-on-year basis, according to data compiled by the Pakistan Bureau of Statistics (PBS).

In FY22, the non-textile exports posted a growth of 25.85pc.

In the value-added leather sector, exports of leather garments fell by 8.37pc. The export of leather gloves dipped 0.31pc in July-February of 2022-23. Contrary to this, the exports of raw leather also decreased by 15.18pc.

Demand stagnates in buyers' market

The export of cement dipped by 34.45pc during the first eight months this year from a year ago.

Pakistan is one of the main suppliers of global surgical instruments. However, these instruments are re-marketed in western countries by famous brands. As a result, the export value of these products remains very negligible.

The export of surgical instruments rose 8.16pc in 8MFY23 over the same period last year. The exports of pharmaceutical products also grew by 30.38pc.

The export of carpets dipped by 8.45pc while that of sports goods grew by 18.28pc in 8MFY23. The sales of...