July-May towel export down 5 percent YoY

The country's towel export declined by five percent to $704.702 million in July-May 2017, according to the official figures. Fall in towel export comes to the tune of $35.284 million in July-May 2017 from $739.986 million in July-May 2016, Pakistan Bureau of Statistics said. In terms of quantity, towel export also went down by 4.28 percent or 7,292 tons to 163,136 tons in July-May 2017 from 170,428 tons in July-May 2016.
In May 2017, towel export slumped by 18.11 percent or $12.319 million to $55.691 million from $68.010 million in May 2016. Towel export volume plunged by 25.38 percent or 4,168 tons to 12,254 tons in May 2017 from 16,422 tons in May 2016.