Textile exports increase 4.68% in first five months of FY 2019-20

[Shahzaz ud din]

Textile exports increase 4.68% in first five months of FY 2019-20

ISLAMABAD (APP) – Textile exports from the country during first five months of current financial year grew by 4.68 per cent as compared to exports of the corresponding period last year.

During the period from July-November 2019, textile worth US $ 5,763,614 million was exported as compared to the exports of US $ 5,506,045 million during same period last year.

According to the data released by Pakistan Bureau of Statistics, the exports of raw cotton increased by 3.67 per cent, while about 10,769 metric tons of raw cotton valuing US $14,277 million was exported as compared to the 8,526 metric tons worth US $ 13,772 million last year.

Meanwhile, 196,326 metric tons of yarn other than cotton yarn worth US $486,018 million were also exported in first five months of current financial year as compared to the exports of 178,027 metric tons valuing US $ 472,454 million last year.

During the period under review, knitwear exports of the country also recorded positive growth of 8.69 per cent.

Knitwear worth US $ 1,320,804 million was exported as compared to the exports of US $ 1,215,180 million last year.

Textile exports increase 4.68% in first five months of FY 2019-20

 

[ziaulislam]

5% is healthy in textiles
Focus should be other avenues
We can compete in textiles alone
IT/medicine /small engr production and assemblies is the future

Textile is dying as demand drops in europe and usa

 

[bafxet]

5% is healthy in textiles
Focus should be other avenues
We can compete in textiles alone
IT/medicine /small engr production and assemblies is the future

Textile is dying as demand drops in europe and usa

5% growth is in terms of value is insignificant. This could come even with a fluctuation in the market. I heard a member of APTMA saying in an interview that they are working at full capacity. But it is not reflected in the figures. I am off the view that probably we are not get a fair per unit price.

Textiles has a huge scope. BD's textile exports top 29 billion dollars. Whereas Pakistan is hovering around 11 billions only and not to mention that we are a cotton growing county unlike BD.

 

[Shahzaz ud din]

5% growth is in terms of value is insignificant. This could come even with a fluctuation in the market. I heard a member of APTMA saying in an interview that they are working at full capacity. But it is not reflected in the figures. I am off the view that probably we are not get a fair per unit price.

Textiles has a huge scope. BD's textile exports top 39 billion dollars. Whereas Pakistan is hovering around 11 billions only and not to mention that we are a cotton growing county unlike BD.

5% growth means the increase is of more than $ 1 billion.I think this the great start.

 

[POTTER]

Bad news for patwaris and indians.

 

[bafxet]

5% growth means the increase is of more than $ 1 billion.I think this the great start.

If the rise in 5 months i.e July-Nov is from USD 5.50 billions to USD 5.76 i.e. USD 0.26 billions than at the same pace the projected rise in a year won't be USD 1 billion, it would be USD 0.625 billion or USD 625 millions.