Non-textile exports post paltry growth

Published April 23, 2021
Overall growth in the non-textile sector is mainly led by the value-added sectors. — Reuters/File
Overall growth in the non-textile sector is mainly led by the value-added sectors. — Reuters/File

ISLAMABAD: Pakistan’s non-textile exports posted a paltry growth of 4.28 per cent year-on-year to $7.332 billion during the nine months of ongoing fiscal year (9MFY21) owing to the partial revival of international orders.

Overall growth in the non-textile sector is mainly led by the value-added sectors. Non-textile sector has yet to receive full orders to pre-Covid levels, data compiled by the Pakistan Bureau of Statistics (PBS) showed.

In 9MFY21, three sectors — leather garments, surgical instruments and engineering goods — have maintained growth in export proceeds despite lockdowns in many countries.

Food shortages in domestic market and lesser demand in international market led to overall drop in demands for Pakistani food products, especially fruits.

Data compiled by the PBS showed the food basket contracted 1.84pc in the July-March period from a year ago.

Under this category, exports of rice witnessed a decline of 2.11pc. On the other hand, Basmati exports dipped 27.30pc in value and 33.22pc in quantity while non-basmati exports were up by 11.90pc in value.

The export of spices was up by 5.21pc, followed by oil seeds, nuts 172.85pc, meat and products 6.54pc during the period under review. Contrary to this, export of fish and fish products declined by 4.32pc while that of foreign sales of vegetables dipped by 4.55pc, fruits 0.29pc, tobacco 13.86pc.

Published in Dawn, April 23rd, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Business concerns
Updated 26 Apr, 2024

Business concerns

There is no doubt that these issues are impeding a positive business clime, which is required to boost private investment and economic growth.
Musical chairs
26 Apr, 2024

Musical chairs

THE petitioners are quite helpless. Yet again, they are being expected to wait while the bench supposed to hear...
Global arms race
26 Apr, 2024

Global arms race

THE figure is staggering. According to the annual report of Sweden-based think tank Stockholm International Peace...
Digital growth
Updated 25 Apr, 2024

Digital growth

Democratising digital development will catalyse a rapid, if not immediate, improvement in human development indicators for the underserved segments of the Pakistani citizenry.
Nikah rights
25 Apr, 2024

Nikah rights

THE Supreme Court recently delivered a judgement championing the rights of women within a marriage. The ruling...
Campus crackdowns
25 Apr, 2024

Campus crackdowns

WHILE most Western governments have either been gladly facilitating Israel’s genocidal war in Gaza, or meekly...