Pakistan textile and apparel exports grew by 11 per cent year-on-year in January ‘21.

As per a report by the Textile Network, the country’s dependence on fiber imports is threatening its domestic processing industry at the time when prices of all types of fibers are soaring across the globe. Its previous year’s polyester fiber supply was heavily impacted by the more than two months outage while cotton crop failure lifted polyester and viscose demand for cotton replacement.

This caused its textile imports to soar by 50 percent in January with raw cotton imports expanding 15 percent to 113,074 tonne. In light of improved fiber demand, the Pakistani textile sector continued to invest in capacity expansions along the chain.