Pakistan’s textile exports during the first ten months (July-April) 2015-16 of the current fiscal witnessed the negative growth of 7.72 percent at $10.395 billion compared to $11.265 billion in last financial year, said Minister for Commerce Khurram Dastigir Khan on Wednesday.
The textile products that contributed to the negative growth of textile trade, included cotton yarn, exports of which dropped by 32 percent from $1.590 billion last year to $1.081 billion during the current fiscal year.
The cotton production decreased this year due to the absence of timely rains. The country had exported cotton this year due to a dearth in the production.
The cotton clothes export increased by 4 percent, while the quantity of cotton exports increased by 10 percent but its value had decreased; however, the decline was also reported in the value of cotton products.
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