ISLAMABAD - Pakistan’s textile exports were recorded at $12.356 billion during the previous financial year (2011-2012), which are 10.38 per cent lower than the exports of $13.788 billion in the preceding fiscal year (2010-2011).
It might be mentioned here that industrial sector of the country is facing worst kind of power loadshedding (gas and electricity) from last few years, which is resulting in reduction in exports. Similarly, prices of Pakistan-made textile commodities had decreased in international market, which is also one of the reasons for reduction in exports.
According to the figures released by PBS, the product-wise details showed that raw cotton exports increased by 26.65 per cent during the period under review, cotton yarn exports decreased by 18.48 per cent, cotton cloth exports went down by 6.42 per cent, cotton carded exports declined by 64.73 per cent, yarn exports went down by 12.83 per cent, knitwear export declined by 14.37 per cent, bed wear 16.30 per cent, towels 10.25 per cent, tents export enhanced by 110.47 per cent, readymade garments exports decreased by 7.84 per cent, art silk and synthetic textile exports decreased by 10.81 per cent, made up articles export reduced by 6.43 per cent and other textile materials exports increased by 5.65 per cent in July-June period of 2011-12 against the July-June 2010-11 period, according to PBS data.
Meanwhile, the figures revealed that the country’s food exports also registered a decrease of 6.03 per cent in July-June period of the year 2011-12 against the same period last year. The break-up of food group exports revealed that rice exports went down by 4.57 per cent in the period under review, fish exports increased by 6.53 per cent, fruits exports surged by 22.49 per cent, tobacco exports enhanced by 437 per cent, vegetables exports reduced by 32.65 per cent, wheat 78.56 per cent, spices exports decreased by 0.71 per cent, oil seeds export 52.85 per cent, sugar 100 per cent, meat 14.28 per cent and all other food items exports enhanced by 33.71 per cent in the period under review.
Meanwhile, other manufactures group also enhanced by 20.34 per cent. In this group, exports of carpets, rugs and mats went down by 8.80 per cent and sports goods exports increased by 0.47 per cent during the period under review.
Similarly, the engineering goods exports enhanced by over 10.78 per cent, surgical goods and medical instruments exports also went up by 14.10 per cent in July-June period of the last fiscal year against the same period last year.