Pakistan’s exports witnessed a significant increase of $1.29 billion during the first four months of the fiscal year.
According to the Pakistan Bureau of Statistics, from July to October, the exports represented a growth of 13.55% compared to the same period last year, crossed the $10.88 billion mark.
The textile sector recorded exports worth $6 billion, reflecting a 10.44% increase. Among this, the ready-made garments saw a 24.40% rise, reaching $1.35 billion. Woolen garments experienced a 19% increase, with exports valued at $1.75 billion. Cotton cloth exports grew by 5.25%, amounting to $680 million. From July to October, there was an increase of 5.47% in the export of towels worth $356.4 million.
Moreover, according to the report, exports of made-up articles, including curtains, increased by 12.46% to $263.7 million. Bedware exports increased by 13%, crossing $1 billion. However, exports of cotton yarn and raw cotton witnessed a steep decline, falling by 45% to 100%.
The textile exports increased by more than $180 million in October, as the export figure in the same month last year was $1.43 billion and $1.62 billion this year. Knitwear showed the highest growth of 32.35% and ready-made garments by 31.98%.
Food exports surged to $2.36 billion during this period, while manufacturing products contributed $1.43 billion, marking a 6.25% increase. Prominent manufacturing exports included carpets, sports goods, footballs, gloves, surgical items, footwear and leather products.
Other sectors that witnessed a boom were leather goods whose exports grew by 5%, reaching $204.8 million; plastic materials saw a massive 57% rise, with exports totaling $182.7 million; cement exports increased by 12.9%, recording $104.6 million; medicines exports jumped by 31%, amounting to $141.8 million.
