Pakistan textile exports surge 10.34pc in Q1

ISLAMABAD, Oct 21 (APP): Pakistan's textile exports surged by 10.34 per cent during the first quarter of the current fiscal year, as compared to the corresponding period of last year. Textile exports during July-September (2011-12) were recorded at $3.191 billion against the exports of $2.892 billion during July-September (2010-11), Federal Bureau of Statistics (FBS) reported. The major textile products that contributed in the positive growth of the overall exports included raw cotton, exports of which increased by over 668 per cent during the period. The exports of raw cotton during July-September (2011-12) stood at $54.247 million against the exports of 7.063 million during last year, the FBS provisional data revealed. Similarly, the exports of cotton cloth increased from 530.291 million last year to $594.170 million this year, showing an increase of 12.05 per cent while the exports of yarn (other than cotton yarn) increased by 117.46 per cent by increasing form $0.475 million to 1.044 million. The exports of knitwear increased from $555.805 million last year to $591.776 million this year, showing increase of 6.47 million whereas the exports of bedwear increased by 3.18 per cent from $495.993 million to $511.750 million. The exports of towels increased from $171.954 million last year to $182.995 million this year, showing increase of 6.42 per cent and the exports of tents, canvas and tarpaulin increased by over 228 per cent from $6.208 million to 20.363 million. The exports of readymade garments increased by 15.30 per cent from $382.616 million to $441.160 million while the exports of art, silk and synthetic textile increased by 18.63 per cent from $149.692 million to $177.581 million. The exports of madeup articles (excluding towels and bedwear) increased from 140.497 million to $153.094 million, an increase of 8.97 million whereas the exports of all other textile material increased by 29.29 per cent from $66.266 million to 85.674 million, the data revealed. The textile products that witnessed negative growth in exports during the period under review included, cotton yarn, exports of which decreased by 1.47 per cent from $371.420 million last year to $365.947 million this year. Similarly, the exports of cotton (carded or combed) decreased from $8.719 million to $0.196 million, showing a decrease of 97.75 per cent. On the other hand, the textile exports from the country during September 2011 witnessed positive growth of 5.42 per cent as compared to the same moth of last year but negative growth of 9.64 per cent when compared to the exports of August 2011, the data revealed. The textile exports during September were recorded at $982.287 million against the exports of 931.749 million during September 2010 and $1.087 billion in August 2011.