Textile exports decrease by 1.42pc: SBP

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Islamabad

The exports of textile and its articles from the country witnessed decrease of 1.42 percent during the eight months of current financial year 2020-21 as compared to the corresponding month of last year.

Pakistan exported textile and its articles worth US $9057.503 million during July-February (2020-21) against the exports of US $9152.889 million during July-February (2019-20), showing negative growth of 1.42 percent, according to the data issued by the State Bank of Pakistan.

The commodities that contributed in growth were man-made staple fibers, export of which grew from $206.962 million last year to $208.318 million during the period under review, showing growth of 0.65 percent.

The exports of articles of apparel and clothing accessories grew by 1.63 percent from $2247.134 million to $2058.455 million while the exports other made-up textile articles.—APP