High exports quarter
Pakistan’s textile exports registered a 25 percent rise to $3.466 billion during the first quarter (July-sept) of the current fiscal year as against $2.772 billion in the corresponding quarter last year, according to the data released by the State Bank of Pakistan (SBP).
Analysts attributed growth in textile exports mainly to the rise in unit prices. “The inflationary pressure in the international markets is not over and it will continue to benefit the local textile exports,” according to an economist at TDAP.
Similarly, during the same period, exports under the food group stood at $917 million, rising from previous figures of $794 million. Exports of petroleum products also reached $394 million during July-september 2011, as against $332 million in the same quarter last year. Export of other manufacturing products fetched $1.134 billion, which is higher than the $986 million earned in the same period last year