Textile sector showed huge export growth in July to Dec 2020: Razak Dawood

ISLAMABAD: Advisor to Prime Minister for Commerce and Investment Abdul Razak Dawood has said that the textiles sector is maintaining its export growth, which shows the exports of home textiles increased by 16 percent to $ 2,017 million for July-December 2020.

On a social media website Twitter, the Advisor said “It is heartening to note that the textiles sector is maintaining its export growth”.

The figures for July-December 2020 show that the exports of home textiles increased by 16 percent to 42,017 million, Readymade Garments by 25 percent to $ 1,181 million and Tents, Canvas by 57 percent to $62 million, he added.

Razak Dawood said, “It is even more encouraging to note that the non-textile sector exports are also showing healthy growth”.

During July-December 2020, the exports of Pharmaceuticals increased by 25 percent to $138 million, Ethanol Alcohol (Industrial) by 14 percent to $ 182 million, Tobacco and Cigarettes by 84.50 percent to $29 million, and Processed Food by 120 percent to $ 25 million.

It is with great interest that ‘Artistic Milliners’ has acquired a manufacturing facility in California, he mentioned.

He said, “Our local companies should acquire overseas companies and brands, through proper channels, as it increases outreach in the global market and thereby increases our market share.”

Razak Dawood said that Pakistani companies, formally reaching out across the globe, are a welcome sign. “I wish Artistic Milliners every success” he added.