According to Pakistan’s “Daily Times” report on December 22, according to the latest data from the Pakistan Bureau of Statistics (PBS), textile exports from July to November were US$6.045 billion, a year-on-year increase of 4.88% . Among them, knitwear increased by 14.34% year-on-year to US$1.51 billion, bedding increased by 12.28%, towel exports increased by 14.24%, and garment exports increased by 4.36% to US$1.205 billion. At the same time, the export value of raw cotton, cotton yarn, cotton cloth and other primary products fell significantly, with the largest decline of 96.34% for raw cotton and 8.73% drop for cotton exports, from US$847 million to US$773 million. In addition, textile exports in November were US$1.286 billion, a year-on-year increase of 9.27%.
Pakistan is the world’s fourth largest cotton producer, fourth largest textile producer, and twelfth largest textile exporter. The textile industry is Pakistan’s most important pillar industry and largest export industry. Pakistan plans to attract US$7 billion in investment in the next five years, increasing exports of textiles and clothing by 100% to US$26 billion.
