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Pakistan Records Highest Textile Exports Since June 2021

byNews Desk
November 16, 2021
in Business, Economy, Entrepreneurship
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The textile exports of Pakistan were registered at $1.6 billion on October 21, according to the Pakistan Bureau of Statistics (PBS), the highest since June 2021. Compared to the last year, textile exports have increased by 24%, moving from $1.28 billion in October 2020 to $1.60 billion in October 2021. 

As for a month-on-month (MoM) basis, the exports have registered an increase of 8% with October 2021 witnessing exports worth $1.60 billion as compared to exports of $1.48 billion in September 2021.

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This is the highest since June 2021 when the textile exports were recorded at $1.70 billion. This is also the second-highest in the past 12 months.

On October 21, as per the PBS data, the exports of value-added textiles increased by 10% compared to the previous month due to an increase in exports in knitwear and ready-made products.

Moreover, textile exports have increased by 25% yearly due to the increase in exports of knitwear, ready-made textile items, and bedwear. Knitwear grew by 42% YoY; ready-made grew by 21% YoY; and, bedwear increased by 16% YoY.

Tags: June 2021latestPBSTextile Exports
News Desk

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A source of economic, political, business, finance, health and sports updates.

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