Textile exports surge 18.85pc to $13.748bn

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Islamabad

The country’s textile group exports have witnessed 18.85 percent growth during the first eleven months (July-May) of the current fiscal year 2020-21 and remained $13.748 billion as compared to $11.567 billion during the corresponding period of the last financial year.

According to the data released by Pakistan Bureau of Statistics (PBS), the textile group exports witnessed a decline of 20.45 percent in May 2021 standing at $1.060 billion as compared to $1.332 billion during April 2021.

However, the textile group exports registered an increase of 41.14 percent on a year-on-year basis as it reached $1.060 billion in May 2021 compared to $751.124 million in May 2020.

Raw cotton exports registered a 96.51 percent decline during July-May 2020-21 and remained at $0.593 million compared to $17.002 million during the same period of the last year. Raw cotton exports remained zero during May 2021 and were also zero in April 2021.—TLTP

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