• Download the Constitution of Pakistan
  • Advertise
Tuesday, June 17, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

Textile exports jump 26pc to $16 billion

by News Publishing
May 16, 2022
in Business, Economy
Reading Time: 2 mins read
0
Textile exports jump 26pc to $16billion
Share on FacebookShare on TwitterLinkedinWhatsapp

ISLAMABAD: Textile and clothing exports increased by 25.96 percent year on year to $15.98 billion in the first ten months of the current fiscal year, owing to a severe devaluation of the rupee and a steady growth in global demand.

The Pakistan Bureau of Statistics (PBS) announced data on Saturday showing that textile and clothing exports increased by 30.50 percent year on year in April.

From July-April 2021-to 22, ready-made garment exports increased by 27.95 percent in value and 41.09 percent in quantity, while knitwear exports increased by 35.14 percent in value but decreased by 2.64 percent in quantity. Exports of bedwear increased by 19.01 percent in value and 13.43 percent in quantity.

Towel exports increased by 19.46 percent in value and 5.16 percent in quantity, while cotton cloth exports increased by 26.81 percent in value and 7.14 percent in quantity.

Cotton yarn exports climbed by 22.11 percent, while yarn manufactured from materials other than cotton increased by 100 percent. During the period under review, exports of made-up products (excluding towels) increased by 13.08 percent, while those of tents, canvas, and tarpaulin decreased by 4.62 percent. During the months under consideration, art, silk, and synthetic textile exports climbed by 27.73 percent.

Textile machinery imports increased 56.38 percent year over year to $678.452 million in July-April, indicating that the textile sector is expanding or modernizing.

To make up for the shortfall in the domestic market, the industry imported raw cotton, the value of which increased by 19.15 percent from July to April, while synthetic fiber imports increased by 25.92 percent, and synthetic silk yarn imports increased by 27.15 percent.

Imports of used clothing increased by 59.61 percent year over year in the first ten months of the current fiscal year.

The country’s overall exports increased by around 25.56 percent year on year to $26.24 billion from $20.90 billion at the same time last year.

Tags: latestPakistan Bureau of StatisticsTextile ExportsTextile machinery imports
News Publishing

News Publishing

Related Posts

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

Sindh Unveils Budget 2025-26 with Pay and Pension Increases

by Haris Ali
June 13, 2025
0

On June 13, 2025, the Sindh government unveiled the Budget 2025-26, announcing a series of financial relief initiatives for its...

Passenger Car Sales Surge Over 32% in Eleven Months

Passenger Car Sales Surge Over 32% in Eleven Months

by Haris Ali
June 13, 2025
0

In Pakistan, passenger car sales have increased by more than 32 percent, reaching 94,388 units in the first eleven months...

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

Pakistan, UAE Leaders Vow Stronger Cooperation in Pursuit of Peace and Stability

by Haris Ali
June 13, 2025
0

Pakistan and the United Arab Emirates (UAE) reaffirmed their commitment to close coordination and cooperation in pursuit of regional peace...

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

10% Salary Bump, More Pension: Govt Unveils Employee Relief Package

by News Publishing
June 11, 2025
0

The federal cabinet approved a 10% pay raise for federal employees and a 7% pension boost for pensioners during its...

Govt to unveil Rs17.6tr FY26 budget in National Assembly today

Govt to unveil Rs17.6tr FY26 budget in National Assembly today

by News Publishing
June 10, 2025
0

Federal Minister for Finance Muhammad Aurangzeb is scheduled to present the federal budget for the fiscal year 2025–26 in the...

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

Pakistan likely to unveil Rs17.68 trillion budget 2025-26 on June 10

by News Publishing
June 4, 2025
0

The Government of Pakistan is expected to present the federal budget for the fiscal year 2025-26 on June 10, with...

Next Post
Mountaineer Abdul Joshi raises Pakistani flag on Mount Everest

Mountaineer Abdul Joshi raises Pakistani flag on Mount Everest

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters