Pakistan’s textile exports surged by 26 per cent to hit a record high of $12.6 billion in the first eight months of the current fiscal year 2021-22.

Data released by Pakistan Bureau of Statistics (PBS) shows, in rupee terms, Pakistan’s textile exports witnessed an increase of 33 per cent to Rs2.15 trillion during the first eight months of fiscal year 2022.

During the first eight months of fiscal year 2022, knitwear exports increased by 34 per cent on a year-on-year basis to $3.3 billion followed by ready-made garments which were up 25 per cent to $2.5 billion and bedwear recording a growth of 20 per cent to $2.2 billion.

On a monthly basis, Pakistan textile exports grew by 8 per cent on a month-on-month basis in February. In addition, knitwear and ready-made garments exports grew by 7 per cent each to $414 million and $354 million, respectively.

Compared with last year, Pakistan textile exports surged byb36 per cent on a year-on-year and up 50 per cent on a year-on-year basis in rupee terms in February 2022, led by significant growth witnessed in value-added segments, largely in knitwear, up 42 per cent and ready-made up 49 per cent amidst volumetric growth.

Basic textile exports increased 35 per cent on a year-on-year basis to $369 million where major contribution comes from cotton cloth, up 56 per cent to $233 million.