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December 23, 2006
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Saturday
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Zilhaj 01, 1427
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Textile exports up by 26.9pc
By Our Reporter
ISLAMABAD, Dec 22: Export of textile products increased by 26.9 per cent to $864.935 million in November last as against $681.570 million in the corresponding month last year.
Official figures showed that export of almost all textile products, excluding cotton cloth and cotton carded, recorded a positive growth in November over the same month last year.
The sudden upward trend after the negative growths in the successive previous months of the current fiscal was due to cash subsidies announced by the government recently, which helped exporters in marketing their produce at reduced rates as against Indian and Chinese products.
Commerce minister Humayun Akhtar Khan in a recent press conference said that in case these subsidies were not doled out to the textile sector, particularly the garment sector, Pakistani textile products would have recorded a massive decline.
An analyst said Pakistani manufacturers, however, were not focusing on improving quality of their products, timely delivery, etc..
The export of readymade garments increased by 9.72 per cent over last year, raw cotton and cotton yarn increased by 5.19 per cent and 9.48 per cent, respectively. However, export of cotton cloth and cotton carded declined by 3.57 per cent and 81.09 per cent during the month under review over last year.
Knitwear, bedwear and towels exports went up by 34.96 pc, 23.34 pc and 32.12pc, respectively, over the corresponding month last year.
Export of made-up articles, including other textiles, increased by 26.34 per cent, art, silk and synthetic textile by 548.75 per cent, and other textile materials by 67.81 per cent during November 2006, over the same month last year.
Export of tents increased by 100 per cent during the month over the same month of the last year.
The statistics, however, showed that export of total textile products declined by 1.12 per cent to $4.192 billion during the July-November of the fiscal year 2006 as against $4.239 billion over the same months of the last year.
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