Pakistan’s textile and apparel exports in May reached US$1.642 billion, a month-on-month decrease of 5.58%, a year-on-year increase of 54.89%, the highest year-on-year increase in a single month this fiscal year; the export of cotton yarn was 27,100 tons, a month-on-year increase of 54.89%. An increase of 10.94%, a year-on-year increase of 14.83%; the export of cotton cloth was 36 million square meters, a month-on-month increase of 10.63%, a year-on-year increase of 43.63%. <\/p>\n
In the 2021\/11 fiscal year (July 2021-May 2011), Pakistan’s exports of textiles and clothing reached US$17.615 billion, a year-on-year increase of 28.04%, accounting for total merchandise exports 61.06% of the total; exports of cotton yarn were 308,700 tons, a year-on-year decrease of 22.54%; exports of cotton cloth were 399 million square meters, a year-on-year decrease of 62.15%. <\/p>\n
In the context of the epidemic and the conflict between Russia and Ukraine, Pakistan\u2019s textile and clothing industry can still grow steadily for the following reasons: 1. The release of the Textile and Clothing Policy Amendment Bill not only reduces Import duties and taxes on nearly a hundred kinds of raw materials, and provide internationally competitive electricity and natural gas prices, local tax rebates (DLTL) and other promotional policies; 2. The sharp depreciation of the rupee and the steady increase in global demand have promoted the effectiveness of textile and clothing export orders recover. <\/p<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan’s textile and apparel exports in May reached US$1.642 billion, a month-on-month decrease of 5.58%, a year-on-year increase of 54.89%, the highest year-on-year increa…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46],"class_list":["post-3250","post","type-post","status-publish","format-standard","hentry","category-textile-fabric-news","tag-db"],"_links":{"self":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3250"}],"version-history":[{"count":0,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=\/wp\/v2\/posts\/3250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textile-fabric.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}