Textile industry back in business

Textile export for march down by 4.5 percent

According to the data shared by Pakistan Bureau of Statis­tics the textile export of Pakistan for the month of march decreased by about 4.5 percent as compared to the same time period last year. This was mainly due to lockdown and cancellation of orders by foreign companies amid COVID-19.

Details showed exports of ready-made garments dipped by 2.43pc in value and drifted much lower in quantity by 34.83pc during March while those of knitwear dipped 2.63pc in value but posted 7.14pc growth in quantity, bed wear posted negative growth of 13.58pc in value and 10.78pc in quantity.

Towel exports fell 5.72pc in value and 26.23pc in quantity, whereas those of cotton cloth dipped by 8.84pc in value and 41.25pc in quantity.

Exporters are reportedly resuming production and are seeking permission from provincial and federal governments to allow workers to reach factories. With these developments, exports are likely to revive partially in April.

Experts are of the opinion that in the post COVID-19 era the garment and textile industry will take the hardest hit. Considering that it is not an essential commodity people’s attitude towards clothing might change significantly.