Islamabad: Pakistan Bureau of Statistics (PBS) on Tuesday released data detailing a fall in textile and clothing exports from Pakistan in the first 11 months of financial year 2016-17. A 1.98pc decline was recorded in textile and clothing exports to reach $11.234b.
PBS data revealed a growth in exports of value-added products in terms of both quantity and value during the first eleven months of the FY 2016-17. Exports in May declined 12.24pc in comparison to April. Exports for knitwear fell 1.85pc, ready-made garments increased 4.15pc, towels decreased 4.77pc and bedwear 3.22pc during the July-May period of FY 2016-17.
Made-up articles exports excluding towels fell 0.45pc, for tarpaulin, canvas and tents increased 52.85pc. Revenues from silk, synthetic and art exports fell 33pc alongside a decline in raw material exports of 47.14pc was recorded on a year on year basis. Primary commodities which include cotton yarn also registered an annual decline of 3.64pc and for cotton cloth and yarn fell 5.81pc and 27.32pc respectively. Yearly export revenues also registered a drop of 3.13pc reaching $18.540b.
