The country’s textile exports rose by 10% in the first half of the current fiscal year (FY25), reaching $9.09 billion compared to $8.29 billion during the same period in FY24, according to the All Pakistan Textile Mills Association (APTMA).
While July 2024 recorded a 3% decline in exports, subsequent months saw consistent growth: 13% in August, 18% in September, 13% in October, 11% in November, and 6% in December.
Overall, textile exports in H1 FY25 showed a 10% year-on-year increase but remained 3% below the $9.38 billion recorded during the same period in FY22.
December 2024 alone saw textile exports rise to $1.48 billion, compared to $1.36 billion in 2023 and $1.40 billion in 2024, indicating a gradual recovery in the sector.
The government’s introduction of the Winter Incentive Package in December 2024, approved by the International Monetary Fund (IMF), is expected to bolster the textile industry further.
The package, which runs until February 2025, is being closely monitored for its effectiveness, with the government planning to seek an extension from the IMF if results are favorable.
APTMA continues to advocate for policies to enhance sector competitiveness, including urging the government to lower policy rates to single digits. These efforts, combined with recent export gains, aim to sustain momentum and help the industry regain its peak performance from FY22.
