Pakistan's textile & apparel exports rise 28.67% in July-Aug '21

[Zibago]

Pakistan's textile & apparel exports rise 28.67% in July-Aug '21
21
Sep '21

Pic: Shutterstock

The value of textile and garment exports from Pakistanincreased by 28.67 per cent year-on-year in dollar terms in the first two months of fiscal 2021-22. During the period, Pakistan earned $2.933 billion from textile and apparel exports, compared to exports of $2.280 billion in July-August 2020, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose by a sharp 34.12 per cent year-on-year to $756.883 million during the two-month period, while exports of non-knit readymade garments were up 22.57 per cent to $584.913 million.
Among textiles, cotton yarn exports increased by 67.97 per cent to $193.389 million in July-August 2021, as against exports of $115.136 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 24.74 per cent and were valued at $367.624 million during the period under review.
Advertisement

• 

Bedwear exports jumped by 24.50 per cent to $528.109 million during the year, the data showed.
On the import side, synthetic fibre imports shot up by 91.12 per cent year-on-year to $162.351 million, while imports of synthetic and artificial silk yarn skyrocketed 95.44 per cent to $154.261 million during July-August this year.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 160.52 per cent year-on-year to $144.428 million during the two-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.

Fibre2Fashion - Under Maintenance

www.fibre2fashion.com

 

[Desprado]

Shaukat Tarin is saying in next FY there will be no fire ride for textile industry and focus will be start up and IT export only. He says it is not sustainable to give subsidy to Textiles export and our whole focus and force will now be on IT sector and i will make University for IT's and give them concession on export ,which they cannot even imagine.

 

[Maula Jatt]

Shaukat Tarin is saying in next FY there will be no fire ride for textile industry and focus will be start up and IT export only. He says it is not sustainable to give subsidy to Textiles export and our whole focus and force will now be on IT sector and i will make University for IT's and give them concession on export ,which they cannot even imagine.

I feel he is a very "emotional" guy

 

[Desprado]

I feel he is a very "emotional" guy

He said next year my target of IT is 50 billion dollar export and i do not care how it is done and whatever IT guys want in return or to achieve that i will give them even if they want billions of concession as IT is the only future i will go forward.

 

[Microsoft]

He said next year my target of IT is 50 billion dollar export and i do not care how it is done and whatever IT guys want in return or to achieve that i will give them even if they want billions of concession as IT is the only future i will go forward.

Sounds like desperation. Why do clowns in government speak this kind of nonsense?

 

[Maula Jatt]

Sounds like desperation. Why do clowns in government speak this kind of nonsense?

Unfortunately bunch of loud mouthes in this current gov

 

[Patriot forever]

Sounds like desperation. Why do clowns in government speak this kind of nonsense?

He is dangerously optimistic. Anyways textiles have a huge potential, they account for 70% of TERF financing, textile machinery imports are at an all time high. They are expanding.

IT industry needs concessions and investment. There is strong growth in IT, we have almost doubled IT exports in 3 years, more than combined 10 years improvement previously.

Textiles and IT will be the driver of export growth going forward.

All export sectors even remittances should be facilitated.

 

[Zibago]

I feel he is a very "emotional" guy

We shall see the policy when it actually changes so far its going strong

 

[ziaulislam]

Pakistan's textile & apparel exports rise 28.67% in July-Aug '21
21
Sep '21

Pic: Shutterstock

The value of textile and garment exports from Pakistanincreased by 28.67 per cent year-on-year in dollar terms in the first two months of fiscal 2021-22. During the period, Pakistan earned $2.933 billion from textile and apparel exports, compared to exports of $2.280 billion in July-August 2020, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose by a sharp 34.12 per cent year-on-year to $756.883 million during the two-month period, while exports of non-knit readymade garments were up 22.57 per cent to $584.913 million.
Among textiles, cotton yarn exports increased by 67.97 per cent to $193.389 million in July-August 2021, as against exports of $115.136 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 24.74 per cent and were valued at $367.624 million during the period under review.
Advertisement

• 

Bedwear exports jumped by 24.50 per cent to $528.109 million during the year, the data showed.
On the import side, synthetic fibre imports shot up by 91.12 per cent year-on-year to $162.351 million, while imports of synthetic and artificial silk yarn skyrocketed 95.44 per cent to $154.261 million during July-August this year.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 160.52 per cent year-on-year to $144.428 million during the two-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.

Fibre2Fashion - Under Maintenance

www.fibre2fashion.com

Fake news
It went down by 100%
Otherwise dollar would have been at 100 like ishaq dar sahab time

He is dangerously optimistic. Anyways textiles have a huge potential, they account for 70% of TERF financing, textile machinery imports are at an all time high. They are expanding.

IT industry needs concessions and investment. There is strong growth in IT, we have almost doubled IT exports in 3 years, more than combined 10 years improvement previously.

Textiles and IT will be the driver of export growth going forward.

All export sectors even remittances should be facilitated.

Biggest thing that ails our economy is lack of investment due to lack of savings(black money) and lack of revenue mobilization
Its like the 1930s of USA

Govt needs to address revenue sector without squeezing the manufacturing which it always do

He said next year my target of IT is 50 billion dollar export and i do not care how it is done and whatever IT guys want in return or to achieve that i will give them even if they want billions of concession as IT is the only future i will go forward.

Lol

People think we can print money

No country has acheived such growth not even mother of all dictatorships and absolute effiency like china which with a stroke of a pen can build new port cities overnight

For beaucracy of pakistan..10% is incredible growth(as comparwd to negative growth over last 20 years)

 

[Desprado]

Fake news
It went down by 100%
Otherwise dollar would have been at 100 like ishaq dar sahab time

Biggest thing that ails our economy is lack of investment due to lack of savings(black money) and lack of revenue mobilization
Its like the 1930s of USA

Govt needs to address revenue sector without squeezing the manufacturing which it always do

Real problem is Real Estate. If you bring this on tax and stop property appreciation like reset of world than it will diversify.

 

[Pak Nationalist]

Pakistan's textile & apparel exports rise 28.67% in July-Aug '21
21
Sep '21

Pic: Shutterstock

The value of textile and garment exports from Pakistanincreased by 28.67 per cent year-on-year in dollar terms in the first two months of fiscal 2021-22. During the period, Pakistan earned $2.933 billion from textile and apparel exports, compared to exports of $2.280 billion in July-August 2020, according to data from Pakistan Bureau of Statistics.

Category-wise, knitwear exports rose by a sharp 34.12 per cent year-on-year to $756.883 million during the two-month period, while exports of non-knit readymade garments were up 22.57 per cent to $584.913 million.
Among textiles, cotton yarn exports increased by 67.97 per cent to $193.389 million in July-August 2021, as against exports of $115.136 million made during the corresponding period of 2020. Exports of cotton fabric also rose by 24.74 per cent and were valued at $367.624 million during the period under review.
Advertisement

• 

Bedwear exports jumped by 24.50 per cent to $528.109 million during the year, the data showed.
On the import side, synthetic fibre imports shot up by 91.12 per cent year-on-year to $162.351 million, while imports of synthetic and artificial silk yarn skyrocketed 95.44 per cent to $154.261 million during July-August this year.
Meanwhile, the value of textile machinery imports by Pakistan increased significantly by 160.52 per cent year-on-year to $144.428 million during the two-month period.
In fiscal 2020-21 ending June 30, textile and garment exports from Pakistan increased by 22.94 per cent to $15.400 billion over $12.526 billion exports in the previous fiscal. In fiscal 2018-19, the value was $13.327 billion.

Fibre2Fashion - Under Maintenance

www.fibre2fashion.com

It should be a matter of concern that we are importing these inputs instead of us being exporters of synthetic yarns/filaments. There is a clear demand for this industrial input. What evades my understanding is why big business groups are not capitalizing on it by setting manufacturing facilities to produce these textile inputs locally?

 

[ziaulislam]

Real problem is Real Estate. If you bring this on tax and stop property appreciation like reset of world than it will diversify.

Property TAX is absolutely must
We need this
However, the elite and UPPER middle class wont let it happen
Note: not agricultural tax but any property of certain size that used for anything other then agriculture

 

[AZADPAKISTAN2009]

Nawaz Sharif wale will be saying Tomatoe is expensive and Potatoe is expensive
My Bubble Gum is expensive


Seems like 26% is a massive improvement in textile sector

 

[Desprado]

Property TAX is absolutely must
We need this
However, the elite and UPPER middle class wont let it happen
Note: not agricultural tax but any property of certain size that used for anything other then agriculture

FATF has said to stop this and FBR is already working with DHA as well.

"He said DNFBP was maligned with FBR as a tax imposing body rather it was going to serve as a regulator for the real estate sector."

PRF says it supports govt steps aimed at compliance with FATF regulations

ISLAMABAD: Pakistan Realtor Federation (PRF) on Saturday expressed its complete support for the government’s...

www.brecorder.com

 

[Microsoft]

He is dangerously optimistic. Anyways textiles have a huge potential, they account for 70% of TERF financing, textile machinery imports are at an all time high. They are expanding.

IT industry needs concessions and investment. There is strong growth in IT, we have almost doubled IT exports in 3 years, more than combined 10 years improvement previously.

Textiles and IT will be the driver of export growth going forward.

All export sectors even remittances should be facilitated.

That's not optimistic that's asking for private sector to rip you off and if there's one thing the private sector is good at its ripping you off.