05 March 2022, Mumbai:
According to official data released by the All Pakistan Textile Mills Association (APTMA) and the Pakistan Bureau of Statistics (PBS), the country's textile exports increased by 37.40 percent on a year-over-year basis in February of this year, reaching US $ 1.69 billion, the highest monthly total ever.
Textile exports increased by 9% in February '22, compared to the same month the previous year. With a great performance in textile manufacturing, Pakistan was able to generate US $ 12.62 billion in the July-February period of FY '22, up from US $ 10 billion in the same period of FY '21, or a 26.20 percent increase.
_large.png)
ALSO READ: PAKISTAN TO CONTINUE WITH THE TEXTILE AND APPAREL POLICY 2020-25
"Pakistan is still benefiting from the export orders it captured during the peak of COVID-19 in the world, when its competitors were completely shut down and Pakistan managed to keep its industrial sector open by opting for the smart lockdown policy," said Javed Bilwani, Chairman, Pakistan Apparel Forum.
Javed also expressed grave concerns about the Russia-Ukraine conflict, stating that fluctuations in gas prices on the international market could drive up manufacturing costs in the coming weeks, especially if European nations begin purchasing gas from the global market as a result of Russian supply disruptions.
"A nation like Pakistan would be in a precarious position since RLNG is very expensive for us," Javed pointed out.
RELATED ARTICLE Indian traders rule out cotton exports to Pakistan
Join our community on Linkedin
CREDITS: Apparel Resources.
