Pakistan’s readymade garment exports during the first three quarters of the current financial year increased 5.93 per cent. Towel exports country decreased 3.18 per cent. In the first three quarters of the current fiscal, textile group exports registered a negative growth of 0.89 per cent.

Exports of made-up articles excluding towels grew by 2.97 per cent in the last nine months of the current financial year. Knitwear exports during the period decreased by 0.07 per cent. The country is looking for a $500 million increase in textile exports in the next three months. The government is helping the entire textile chain to adopt and upgrade to new technology. Funds have been allotted to carry out research and bring about a qualitative improvement in industry-academia linkages.

Pakistan’s textile and clothing exports rose 6.2 per cent year-on-year in March. The increase was mainly due to value-added products such as garments. Customs duty was brought down to zero from four per cent. Likewise, sales tax was brought down to zero from five per cent. Exports of value-added products grew during the month, both in terms of value and quantity. Exports of readymade garments rose by 19.5 per cent and that of knitwear grew by 5.4 per cent.