The Ministry of Commerce of Pakistan has claimed revival of growth in the export sector due to a positive growth of 7% y-o-y in July-October of the exports of textile and clothing .
According to the ministry, the cash subsidy offered to exporters under the prime ministerâ€™s incentives package and the payment of sales tax refunds was the reason for this positive impact. The increase was mainly led by the exports of value-added products.
Data shows exports from the sector increased to $4.4 billion in July-October against $4.07bn over the corresponding period last year. The share of the textile and clothing sector in overall export proceeds stood at 62.4pc during the period under review.
Exports of readymade garments edged up 14.8pc in the first four months in value and 12pc in quantity. Similarly, exports of knitwear increased 10.6pc in value and 11pc in quantity during the period under review.
A similar trend was recorded in exports of bed-wear, which went up 5.5pc in value. In the category of primary commodities, exports of cotton yarn witnessed a year-on-year increase of 5.04pc.
Exports of made-up articles, excluding towels, increased 8.8pc while those of art, silk and synthetic textile grew 60.6pc. However, exports of tents, canvas and tarpaulin dipped 34pc. Exports of raw cotton also recorded a year-on-year increase of 46.69pc.
The only negative trend was a decline of 100pc in the exports of yarn other than cotton.
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