Engineering Post Report
Amid the global economic showdown, Pakistan’s experts of non-textile products had also decreased by around 23 percent and earned only US $ 9101 million during the first 10 months of FY2023.
This declining trend in the export proceeds of the non-textile sector continues since the start of the last financial year.
In the value added leather sector, exports of leather garments fell by 8.4 percent, despite a rise in the exports of leader gloves by 2.3 percent during the period under report here indicating that the manufacturers of leader items were unable to meet the global requirements and trends.
Furthermore, the export of cement had dropped massively by 24 percent during July-April FY2023 compared to the corresponding period of the previous year.
The export of Sports goods was down by 10 percent in-spite of an increase in the sale of footballs by 20 percent, as Pakistan was the official football supplier to the FIFA World Cup held in Doha, Qatar , in November 2022.
Exports of pharmaceutical products had also declined by 14 percent during the first 10 months of FY23 as compared to the corresponding period of FY22.
Similarly, the export of carpets had also declined by 16 percent during the first 10 months of the last financial year.