Pakistan witnessed 2.62 pc growth in RMG exports in 4 months

Pakistan witnessed 2.62 percent growth in exports of readymade garments about 9,657 thousand dozen worth US$ 698.403 million during first four months (July-October) of current financial year as compared to exports of 9,934 thousand dozen valuing US$ 680.567 million in the corresponding period of last financial year.

During last four months bed wear exports also grew by 4 percent as country earned US$ 707.366 million by exporting about 115,321 metric tons of bedwear. The bedwear exports during first four months of last financial year was recorded at 106,437 metric tons valuing US$ 680.183 million, according to the data of Pakistan Bureau of Statistics,

Meanwhile, exports of madeup articles increased by 0.36 percent as country earned US$ 203.372 million by exporting the madeup articles as against US$ 202.64 million of same period of last year.

It may be recalled that textile exports from the country witnessed positive growth of 0.59 percent during the month of October 2016 compared to the same month of last fiscal year. The commodities that contributed in the positive growth of textile sector included knitwear, exports of which grew by 4.89 percent by going up from US$ 187.609 million during October 2015 to US$ 196.781 million in October 2016.

During October 2016 textile exports were recorded at US$ 1.053 billion compared to the exports of US$ 1.047 billion during October 2015.