Pakistan’s textile and garment exports grew by 19 per cent in the 11 months of current fiscal year (11MFY21) compared to the same period a year ago, as per the data released by the Pakistan Bureau of Statistics. A report from Pakistan Today Profit says, total exports of textile and clothing increased 8.85 per cent to $13.748 billion between July and May this year against $11.567 billion over the corresponding period in FY20.

On a monthly basis, exports increased 41.14 per cent year-on-year to $1.06 billion in May 2021. Exports of ready-made garments increased 14.35 per cent to $2.706 billion in 11MFY21 against $2.367 billion over the corresponding months of last year. Knitwear exports increased by 32.70 per cent to $3.414 billion against $2.572 billion over the corresponding months of last year. Exports of bed wear increased by 24.60 per cent to $2.472 billion.

In the value-added sector, exports of leather garments increased by 9.92 per cent, while those of leather gloves increased by19.08per cent. In the non-value added sector, exports of cotton cloth grew by 0.97per cent in 11MFY21 from a year ago. However, exports of cotton yarn declined by 1.60 per cent and those of raw cotton declined by 96.51per cent.