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Pakistan’s textile and clothing exports decline by 1.30 percent to $1.064 billion in January on a year-on-year basis, according to the Pakistan Bureau of Statistics (PBS). Product-wise details show that the exports of readymade garments dropped 3.60pc while those of knitwear declined 3.44pc and towels fell 1.36pcin January. The fall in exports was mainly driven by value-added products.

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Pakistan witnessed 2.62 percent growth in exports of readymade garments about 9,657 thousand dozen worth US$ 698.403 million during first four months (July-October) of current financial year as compared to exports of 9,934 thousand dozen valuing US$ 680.567 million in the corresponding period of last financial year.

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In the July-May period of 2015-16, Pakistan’s textile exports continued to decline while the foreign exchange earnings from all other exportable products decreased except for readymade garments, according to official reports.

Textile exports of the country registered a negative growth of 7.34 per cent to US$11.468 billion in July-May 2015-16 as compared to the same period last year, according to the Pakistan Bureau of Statistics (PBS) data.