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Pak textile sector export witnessed decline of 7.42 percent in FY16

Related Keywords: cotton production last season declined sharply, cotton yarn export decreased, cotton yarn remained major contributor for decline, during fiscal year, Pakistan Bureau of Statistics data, Pakistan textile sector exports registered decline, raw cotton, readymade garments exports, showed positive sign, Towels exports witnessed nominal decline, yarn

Pakistan textile sector exports registered 7.42 percent decline during the Fiscal Year 2015 16 in which raw cotton and cotton yarn remained the major contributor of decline in the textile exports as their exports witnessed decrease of 47.89 percent and 31.77 percent respectively, revealed Pakistan Bureau of Statistics data on Friday.

It may be recalled that cotton production in the country during last season declined sharply in Punjab due to unprecedented weather conditions.

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