Pakistan’s Textile Exports Up by 6% in August

Pakistan’s textile exports registered a growth of 6 percent on a Year-on-Year (YoY) basis in August. Textile exports stood at $1.55 billion in the same period last year, according to data compiled by Arif Habib Limited.

Pakistan’s textile exports had dropped by 13.21 percent on a month-on-month basis to an 11-month low of $1.481 billion in July 2022. This was mainly due to a lack of energy supplies, as the government had cut off the gas supplies to the industry.

It is pertinent to mention here that overall exports have surged by over 11 percent YoY during August 2022 to $2.5 billion.