Pakistan’s textile exports reached 2,705,000,000 U.S. dollars

Although the textile industry provides cash incentives and subsidies, but in the current fiscal year’s first quarter, Pakistan’s textile exports remain flat, according to the Pakistan Federal Bureau of Statistics released statistics.

In the 2008-09 fiscal year 7-9 for the month, Pakistan’s textile exports reached 2,705,000,000 U.S. dollars, in the same period last fiscal year’s exports to 2,726,000,000 U.S. dollars.

Pakistan’s Federal Statistics Office reported that high production costs led to the growth of the cost of utilities, raw materials prices led to expensive local products in foreign markets competitive. Related to the gloomy economic situation, the report said, led to the decline in textile exports widened the trade deficit, triggered a rise in the cost of imports, oil imports account for the majority.

However, in September, textile exports may encourage the emergence of signs of textile exports went up by 6.31 percent year-on-year, with the current fiscal year compared to August, exports rose by 10.83 percent. Almost all types of textile export results are in the doldrums. In the first quarter of the current fiscal year, cotton yarn exports declined by 14.33 percent. Cotton exports declined by 76.65 percent year-on-year, and other cotton yarn exports declined by 42.92 percent year-on-year, the knitwear exports fell by 3.45 percent year-on-year, bed linen exports declined by 10.62 percent year-on-year.

Tents, tarpaulins and canvas, clothing materials, clothing and other exports declined by 12.44 percent year-on-year, 9.29 percent and 19.65 percent. On the other hand, raw cotton exports increased by 257.41 percent year-on-year. Cotton cloth, towels, art silk, rayon and project exports were manufactured goods fell by 4.62 percent year-on-year, 29.43 percent, 59.46 percent and 8.20 percent.