Pakistan’s apparel exports hit record $6.2B in eight months

Minister urges textile sector to explore emerging markets for sustained growth

Pakistan’s apparel exports surged to a record high of $6.2 billion during the first eight months of FY 2024-25, marking a 19% increase compared to the same period last year, according to the Ministry of Commerce.

The figures were presented to Federal Minister for Commerce Jam Kamal Khan in a meeting with Special Secretary Commerce Shakeel Ahmed Mangnejo and Director General (Textile) Mudassar Raza Siddiqi.

Siddiqi noted that despite economic headwinds, the textile industry regained momentum with a 9.3% growth rate. However, he pointed out that Pakistan, once the world’s third-largest cotton producer, has now dropped to sixth place.

Comparing Pakistan with Brazil, he emphasised that Pakistan’s cotton yield remains significantly lower due to a lack of modern farming techniques and technology adoption. He urged a shift toward climate-resilient seed varieties, mechanised farming, and precision agriculture to revive cotton production.

Minister Jam Kamal Khan stressed the need for targeted interventions, including reducing manufacturing costs, expanding to non-traditional markets, and improving sustainability practices. He expressed optimism that strategic efforts and policy support would further boost textile and apparel exports.

Monitoring Desk
Monitoring Desk
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read