ISLAMABAD: Textile exports grew 9.seventy one per cent to $1.05 billion in November yr-on-yr pushed primarily by worth-added merchandise, the Pakistan Bureau of Statistics (PBS) stated on Tuesday.
Textile export proceeds have been rising for the previous two months. Their rise can also be evident in rupee phrases notably due to higher costs.
Attire Discussion board Chairman Jawed Bilwani informed Daybreak that exports rose regardless of the absence of the federal government’s help. “We’re ready for the textile package deal of Rs170bn,” he stated, including that the price of manufacturing has elevated manifold on account of excessive power costs.
Nevertheless, he stated liquidity problems with the exporters have been resolved to some extent because of the launch of refunds.
Product-sensible particulars present that exports of readymade clothes grew thirteen.54pc whereas these of knitwear elevated 12.75pc in November. Exports of mattress-put on went up three.06pc and towels 1.67pc in the course of the month beneath evaluate.
In main commodities, the export of cotton yarn witnessed a considerable yr-on-yr improve of forty two.08pc, cotton material zero.99pc, made-up articles, excluding towels, 22.36pc, and tents, canvas and tarpaulin fifty three.82pc.
The export of uncooked cotton additionally recorded a yr-on-yr improve of 141pc.
One purpose for the rise in exports of worth-added textile merchandise is Pakistan’s preferential entry to the 28-nation
European Union underneath the GSP-Plus scheme.
Within the 5 months to November, the worth of exported textile and clothes merchandise fell 1.94pc to $5.122bn yr-on-yr.
General export proceeds in July-Nov fell three.93pc to $eight.19bn.
In April, the Ministry of Commerce introduced a Strategic Commerce Coverage Framework, which stays to be carried out.
Revealed in Daybreak, December twenty first, 2016
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