Garments export rises 12.80pc to $1.4 billion

Exports of ready- made garments during first half of current financial year witnessed an increase of 12.08% as compared to the exports of the commodity during the corresponding period of last year.

During the period from July-December, 2019-20 about 31,534 thousand dozens of ready-made garments worth $1.411 billion exported as compared to the exports of 23,832 thousand dozens valuing $1.259 billion of same period of last year.

According the data released by the Pakistan Bureau of Statistics, during the period under review textile group exports from the country recorded 3.94% growth as textile products worth $6.905 billion exported as against $6.644 million of same period of last year.

Meanwhile, the textile exports on month on month basis also grew by 0.36% in month of December, 2019 as textile products worth $1.142 billion exported as compared to the exports of $1.138 billion of same month of last year, it added.

During the first two quarters of current financial year, country also managed to exports about 62,593 thousand dozens of knitwear worth $1.587 billion as compared to the exports of 59,189 thousand dozens valuing $1.475 billion of same period of last year.

In last six months about 240,939 metric tons bed wear valuing $1.197 billion exported as against the exports of 215,724 metric tons costing $1.116 billion of same period of last year.

The exports of towels during the period under review also grew by 0.22% as 91,120 metric tons of towels worth $378.846 million exported as against the exports of 89,406 metric tons valuing $378.017 million of same period of last year.

It is worth mentioning here that exports in rupee term surged by 24.82 percent during last six months of current fiscal year as compared to the corresponding period of last year.