Despite decrease in import of cotton and other raw materials, Pakistan has to pay 25 % more on imports of textile group commodities due to higher international prices in the first nine months of fiscal year 2021-22.
According to statistics issued by Pakistan Bureau of Statistics, total value of imports of textile group in first nine months of fiscal year 2021-22 was recorded $ 3,499.68 million which is 25.59 percent higher than corresponding period of fiscal year 2020-21. Import volume of textile group remained $ 2,786.5 million in July-Mach 2020-21. The PBS data shows that import of raw cotton, synthetic fiber and synthetic and artificial silk yarn decreased in terms. —APP