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Pakistan: Garment exports up over five per cent this fiscal

Readymade garment exports from Pakistan increased by 5.55 per cent as compared to the last financial year. Bed wear exports 1grew 5.65 per cent and exports of carded or combed cotton grew 62.7 per cent. However, exports of knitwear decreased by 0.07 per cent while that of towels fell by 2.4 per cent.

Readymade garments export from July to May 2016-17 grew by 4.10 per cent as against the same period of last year. Garments worth $2.073 billion were exported during the last 11 months of financial year 2016-17. However, textile group exports during the last 11 months of financial year 2016-17 saw 1.98 per cent negative growth.

The entire textile chain is being helped to adopt and upgrade to new technologies by the government. Funds have been allotted to carry out research activities and bring about a qualitative improvement through industry-academia linkages. A textile corner will be set up which will provide guidance and awareness to exporters to adopt new technologies in order to improve the quality of their products. It will also help in sensitizing manufactures to promote value addition and boost profit from their exportable surplus. The textile corner is meant to bridge the gap between industry and academia. Funds have been allotted to carry out research activities and bring about a qualitative improvement in industry-academia linkages.

 
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