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  • News Desk
  • Jul 21st, 2017
  • Comments Off on Textile exports: less than modest increase despite PM’s package
Pakistan's textile exports have registered a very nominal increase of 0.04 percent during the last fiscal year despite the Prime Minister's incentive package for the exporters. According to export figures of selected commodities released by the Pakistan Bureau of Statistics (PBS) on Thursday, Pakistan's textile exports showed a very marginal increase in the just concluded fiscal year after these increased to $12.452 billion in 2016-17 from $12.447 billion in 2015-16. Exports of raw cotton were down by 44 percent to $42.852 million during the last fiscal year as compared to $76.631 million for a year before while exports of cotton yarn fell by 1.69 percent to $1.243 billion from $1.264 billion.

A decline of 4.23 percent was also noted in exports of cotton cloth subsequent to their exports declined to $2.120 billion in 2016-17 from $2.213 billion in the year before. However, a growth of 62.7 percent in the exports of cotton carded or combed after export of commodity increased to $235000 from $145,000. Yarn other than cotton yarn exports declined by 25.65 percent to $24.351 million in the last fiscal year from $32.751 million for the preceding fiscal year while exports of knitwear decreased to $2.362 billion from $2.363 billion, reflecting 0.07 percent fall.

Bed wear exports have registered an increase of 5.65 percent and reached $2.133 billion during the last fiscal year as opposed to $2.019 billion for fiscal year 2015-16. Towel exports decreased by 2.04 percent to $786.606 million in 2016-17 from $802.966 million in 2015-16 and exports of tents, canvas and tarpaulin in July-June 2016-17 improved to $133.853 million from $85.083 million in 2015-16, showing an increase of 57.32 percent, while exports of readymade garments after a growth of 5.5 percent increased to $2.316 billion in the last fiscal year from $2.195 billion from a year before.

Art, silk and synthetic textile declined by 29.05 percent during the last fiscal year as its exports decreased to $204.272 million from $287.894 million in 2015-16 and exports of other textile material declined by 7.80 percent. However, there was an increase of 2.62 percent in exports of made up article, excluding towel bed-wear, which increased to $644.709 million from $628.256 million during the period under review.



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