Exports of eight sectors in Pakistan, which also include the value-added textiles, recorded a double-digit growth in the first four months of fiscal year 2021-22 compared to the same period a year ago, data compiled by the Ministry of Commerce showed.

As per the details, in absolute terms the exports of the eight products reached $5.632 billion between July and October this year against $4.377bn over corresponding months of last year, indicating a growth of 28.67 per cent.

32 per cent surge was recorded in the exports of men’s garments products reaching $1.584bn in 4MFY22 against $1.201bn over the last year, followed by a 22 per cent surge in home textiles to $1.575bn against $1.294bn last year. An increase of 20pc in cotton fabric to $745m was noted against $622m over the corresponding period of last year.

 

19 per cent surge was witnessed in the export of rice, reaching $599m in 4MFY22 against $502m over the corresponding period of last year, followed by 73 per cent increase in export of cotton yarn to $398m against $230m over the last year and an increase of 60 per cent in export of jerseys and cardigans to $330m against $206m over the last year.

Meanwhile, 20 per cent growth was recorded in the exports of women’s garments, reaching $270m against $225m and a 35 per cent increase in exports of synthetic fabric to $131m against $97m over the corresponding months of last year.

The data also revealed that the US, UK and China remained the top destinations of Pakistan’s exports during the first four months of FY22.

From : pk.mashable.com

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