Byline: Imran Ali Kundi
ISLAMABAD -- Pakistan's textile and clothing exports grew by 4.68 percent during the first five months (July to November) of the current of 2019-20. The country's textile exports had recorded growth of 4.68 percent and surged to $5.763 billion during July to November period of the year 2019-20 as compared to $5.506 billion in the same period of last year. The latest data of Pakistan Bureau of Statistics (PBS) showed that the country's textile exports had increased by 7.03 percent to $1.177 billion in the month of November from $1.099 billion in the same period of last year.
In the value-added sector, exports of knitwear were up by 8.69 percent followed by 4.69 percent in bed wear. Exports of ready-made garments rose by 13.19 percent while proceeds from towel only inched by a modest one percent. The data showed that exports of cotton cloth had recorded a decline of 3.74 percent. Exports of tents, canvas and tarpaulin witnessed decrease of 1.41 percent. Meanwhile, exports of made-up articles (excluding towels and bedwear had declined by 6.25 percent. The PBS data showed that exports of food commodities had recorded an increase of 16.2 percent during first five months of the current fiscal year. In food commodities, exports of rice recorded growth of 38.58 percent, fruits exports increased by 2.18 percent and oil seeds, nuts and kernels exports had gone down by 48.55 percent.
Pakistan's overall exports grew by 4.79 percent to $9.54 billion in July-November period of the current fiscal year as against $9.10 billion during the same period last year. However, the country's imports in the first five months of current fiscal year clocked in at $19.21 billion, down by 18.41 percent from $23.54 billion...