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‘Readymade garments’ exports touch $1.483 billion’
March 09, 2018
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ISLAMABAD: Readymade garments worth $1.483 billion were exported from the country during first seven months of current financial year as compared the exports of the corresponding period of last year.

During the period from July-January, 2017-18, exports of readymade garments grew by 13.93 per cent as compared the same period of last year, according the data of Pakistan Bureau of Statistics (PBS).

About 22,160 thousand dozens readymade garments worth $1.483 billion were exported during the period under review as compared the exports of 19,623 thousand dozen valuing $1.301 billion of same period of last year. Global fashion shows are being held in Pakistan to promote the country’s costume designers.

About 62,528 thousand dozens of knitwear worth $1.555 billion exported in last seven months, which were recorded at 60,550 thousand dozens valuing $1.373 billion of same period of last year.

During the period under review, about 215,202 metric tonnes of bed wear worth $1.305 million exported as compared the exports of 206,905 metric tons valuing $1.236 billion of same period of last year.

According the data country earned $454.537 million by exporting 113,049 metric tonnes of towels as compared the exports of $449.998 million and 107,678 metric tonnes of same period last year, it added.

It may be recalled here that textile group exports surged by 7.728 per cent and was recorded at $7.728 billion in last seven months as compared the exports of $7.210 billion of same period of last year.

Meanwhile, total cement despatches in the first eight months of 2017-2018 rose to 30.106 million tonnes from 26.339m tonnes in same period of 2016-17. The capacity utilisation in July-February FY18 was 91.34 per cent of the total installed capacity of the cement sector.

The cement industry has been experiencing a dream growth particularly in the domestic market for the last three years. According to data released by All Pakistan Cement Manufacturers Association (APCMA), cement exports in February 2018 grew by 18.41% as compared to the same month last year.

Though the local cement consumption continued to grow robustly and stood at 9.38% in February, the increase in exports were even higher than domestic consumption for the first time in this fiscal year.

In February 2018, total cement despatches were 3.781m tonnes of which, despatches in the north were 3.052m tonnes while despatches in the southern part stood at 0.729m tonnes.

Internews

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