Data released by the Pakistan Bureau of Statistics shows, Pakistan’s textile and clothing (T&C) exports grew 4.88 per cent year-on-year to $6.04 billion between July and November FY21. The report states, exports grew 9.27 per cent in November while they grew by 6.18per cent in October and 11.03 per cent in September. In the first month of the current fiscal year, exports grew 14.4 per cent year-on-year basis. The rebound is a result of a series of incentives launched by the government to support exporters.

Pakistan’s readymade garment exports grew 4.36per cent though the quantity declined 44.64 per cent during the July to November period. Knitwear exports increased 14.34 per cent in value and 32.35 per cent in quantity while bedwear exports increased 12.28per cent in value and dipped by 7.95 per cent in quantity. Towel exports increased 14.24 per cent in value and 3.79 per cent in quantity, whereas cotton cloth exports dipped 8.73 per cent and 31.78 per cent in quantity.

Among primary commodities, cotton yarn exports plunged 37.34 per cent, yarn other than cotton 16.69 per cent, export of made-up articles — excluding towels — increased 15.53 per cent and tents, canvas and tarpaulin increased by a massive 58.05 per cent during the months under review. Pakistan’s textile machinery imports dropped 6.07 per cent during the first five months of current fiscal year while its import of raw cotton, synthetic and artificial silk yarn increased 60.36 per cent.