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Pakistan’s textile exports decline 7.34% in July-May

Related Keywords: cotton carded/combed exports, cotton yarn export from Pakistan, exports of leather garments, exports of readymade garments, foreign exchange earnings of Pakistan, Pakistan Bureau of Statistics, Pakistan’s textile exports, readymade garments in Pakistan, textile industry of Pakistan

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.

Cotton output of Pakistan down by 33.5pc

Related Keywords: cotton arrivals, cotton crop, cotton ginneries across Pakistan, cotton growers in Pakistan, cotton output, cotton production of Pakistan, crude oil prices, Pakistan Cotton Ginners Association, Pakistan’s textile exports, Punjab ginneries, seed cotton arrival, Textile Industry

According to the report issued by the Pakistan Cotton Ginners Association on Monday, Seed cotton (Phutti) equivalent to 9.475 million tonnes or 9,475,729 bales have reached ginneries across Pakistan as of January 15, 2016 registering a shortfall of 33.5 per cent compared to 14.251m bales a year earlier.

This shortfall would inflict a loss of around $6 billion on GDP — of which $1.5bn would be suffered by cotton growers and $4.5bn by the industry and exporters, experts say.

Pakistan's textile exports plummet in October

Related Keywords: cost of textile production in Pakistan, Global textile market, high cost of electricity, incentives to their textile sector, Pakistan’s textile exports, textile industrialists, textile industry of Pakistan

In October 2015, Pakistan’s textile exports declined by over 10 per cent as compared to the same month last year mainly due to continuous energy shortage, high cost of production and declining prices globally.

According to the latest figures of the Pakistan Bureau of Statistics (PBS), Pakistan’s textile exports were $1.05 billion in October 2015 as against $1.18 billion of the same month of last year, down 10.69 percent.

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