ISLAMABAD, Aug 17 (NNN-APP) – Pakistan’s textile exports increased by 0.67 percent in July, the first month of the fiscal year 2022-2023, year-on-year, according to figures from the Pakistan Bureau of Statistics (PBS), yesterday.
Exports of textile commodities were recorded at 1,481.02 million U.S. dollars in July, the PBS data showed.
Cotton cloth, raw cotton, knitwear, and ready-made garments were among the commodities that contributed to the trade growth of the textile sector in July.
However, the textile commodities that witnessed negative growth in trade included, cotton yarn, which declined from 89.871 million dollars to 71.364 million dollars, the data showed.
According to the PBS, the textile industry of Pakistan contributes over 60 percent of total exports, and employs 40 percent of the industrial labour force, rendering it the major industrial sector of the country, which plays an important role in the economic growth of the country.– NNN-APP
