MM News

Pakistan’s exports experienced a notable increase of $1.29 billion during the first four months of the fiscal year. Data from the Pakistan Bureau of Statistics indicates that exports from July to October grew by 13.55% compared to the same period last year, surpassing $10.88 billion.

According to a report by Samaa News on Monday, the textile sector played a significant role, with exports reaching $6 billion, marking a 10.44% increase. Ready-made garments led the growth in this category, rising by 24.40% to $1.35 billion.

Woolen garments followed with a 19% increase, amounting to $1.75 billion, while cotton cloth exports rose by 5.25% to $680 million. Towels also contributed to the rise, with a 5.47% growth bringing exports to $356.4 million. Exports of made-up articles, including curtains, increased by 12.46% to $263.7 million, and bedware exports grew by 13%, crossing the $1 billion mark.

However, cotton yarn and raw cotton exports saw significant declines, dropping by 45% to 100%. Textile exports for October alone increased by more than $180 million compared to the same month last year, rising from $1.43 billion to $1.62 billion. Knitwear and ready-made garments showed remarkable growth during this month, with increases of 32.35% and 31.98%, respectively.

Food exports also surged, reaching $2.36 billion, while manufacturing products added $1.43 billion, a 6.25% rise. Notable manufacturing exports included carpets, sports goods, footballs, gloves, surgical instruments, footwear, and leather products. Other sectors recorded impressive growth as well. Leather goods exports rose by 5% to $204.8 million, plastic materials surged by 57% to $182.7 million, cement exports increased by 12.9% to $104.6 million, and medicine exports jumped by 31%, reaching $141.8 million.