According to Pakistan Bureau, the country’s textile group exports have declined by around 11.09 percent during the first eight months (July-February) of the current fiscal year 2022-23 and remained at $11.218 billion as compared to $12.617 billion during the same period of last year. The data of exports and imports released by PBS revealed that the country’s textile group exports witnessed a decline of 29.92 percent in February 2023 on a year-on-year basis and remained at $1.180 billion when compared to $1.684 billion during the same month of last year. On a month-on-month (MoM) basis, the textile group registered 10.69per cent negative growth compared to $1.321 billion in January 2023. Cotton yarn exports registered 38.12per cent negative growth in July-February and remained $550.015 million compared to $816.102 million during the same period of the last year.
On a year-on-year basis, cotton yarn exports registered 56.65 per cent negative growth, while on a MoM basis, it registered 18.09 per cent growth. The country’s overall exports during July-February 2022-23 totalled $18.678 billion (provisional) against $20.573 billion during the corresponding period of last year showing a decrease of 9.21 per cent.
