Textile, Clothing Exports Dropped in July-May
Pakistan’s textile and clothing exports fell 1.98 per cent year-on-year to $11.234 billion during the first 11 months of the current fiscal year mainly due to lower proceeds from raw material and low value-added products, such as cotton yarn and fabrics.
Data released by the Pakistan Bureau of Statistics on Tuesday showed the decline in export proceeds was also evident in rupee terms during the July-May period of 2016-17.
On a month-on-month basis, the export proceeds fell 12.24pc in May negating the government’s claim of reviving the growth in the sector despite offering huge subsidies.
Exports of value-added products grew in terms of both value and quantity during the July-May period.
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