Exports of 11 sectors jump 35pc in February

The 11 export-oriented sectors, including value-added textiles, posted double-digit growth in February compared to the same month a year ago.

Data compiled by the Ministry of Commerce showed that the growth in the value-added sectors contributed to an increase in overall exports from these sectors.

The highest-ever depreciation of the rupee against the dollar and greater demand from the international market are reasons behind this growth.

The government has announced several measures including cash subsidies for the promotion of value-added sectors. Moreover, the massive depreciation also contributed to enhancing exports to the Western markets.

The upward trend was seen for the past few consecutive months.

In February, the total export proceeds of these sectors went up by 35.78 per cent to $2.80 billion from $2.06bn over the same period last year.