Pakistan’s ready-made textile export continue to remain sluggish

Source: https://apparelresources.com

Pakistan’s ready-made textile export remained extremely sluggish during the July to November 2018-19 period.

According to the official figures released by Pakistan Bureau of Statistics, the country witnessed less than 1 per cent growth in the export of its ready-made textiles during the said period, with the figures touching US $ 1.02 billion.

The growth registered a rise of US $ 2.8 billion in ready-made apparel exports in the July to December period of 2018-19 from US $ 1.01 billion in the July to November period of 2017-18.

With regard to volume, Pakistan recorded a growth of 21 per cent in ready-made apparel exports from 15.3 million dozens in July-November 2017-18 to 18.4 million dozens in July-November 2018-19.

It is pertinent to note that the textile sector has not been able to perform well in 2018-19 fiscal year despite constant rupee devaluation against the US dollar.



Categories: Apparel, Asia, Business, Pakistan, Textile, USA

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