Related Keywords: Chinese manufacturing slowdown, cotton yarn exports decreased, escalating cost of doing business, Exports of knitwear and bed wear dropped, Exports of raw cotton slumped, hits Pakistan major foreign exchange spinner, Pakistan textile exports plunges, srinking cotton harvest, textile products less competition, weak demand in international market
With escalating cost of doing business and weak demand in the international markets, textile exports in the first eight months of the current fiscal year has plunged nine percent to $8.363 billion hitting the Pakistan’s major foreign exchange spinner, as per analysts.
According to the Pakistan Bureau of Statistics (PBS) data, textile exports amounted to $9.166 billion in July-February of 2014/15.
