Textile exports see record rise in Nov

KARACHI: The country’s textile and clothing exports saw a record increase of $1.74 billion in Nov 2021, data released by the Pakistan Bureau of Statistics (PBS) showed.

Textile exports rose by 8 per cent when compared to October 2021. The value-added textile and readymade garment sector saw an increase of 11pc while bed wear and towel exports grew by 9pc and 28pc, respectively.

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November’s textile exports rose by 35 per cent as compared to the same month a year ago. The exports of knitwear were up by 40pc, bed wear 32pc, and readymade 27pc.

Textile and clothing exports grew by 28pc to $7.8 billion in the first five months (July-Nov) of the current fiscal year, the data showed. Whereas, the value-added and basic textile were up by 28pc and 35pc.

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Pakistan’s Textile exports are likely to rise to a whopping $18 billion if the US and European countries don’t impose any lockdown amid the spread of Covid Omicron variant.