Pakistan’s textile exports grew by 25.4 per cent Y-o-Y to $14.24 billion during July- March FY2022, as per data released by the Pakistan Bureau of Statistics (PBS).
In the month of March alone, textile exports grew by 20 per cent Y-o-Yto $1.63billion, on account of strong demand in the West before the summer season, while other factors include the resumption of economic activity, which has led to a shortage of various retail brands, competitive utilities and borrowing rates.
During July-March FY22, knitwear, bed-wear, readymade garments and towels exports also grew by 34 per cent, 19 per cent, 26 per cent and 18 per cent to $3.7billion, $2.05billion, $2.27billion and $692million respectively compared to the corresponding period last year.
