Pakistan's textile exports witnessed a growth of 4.3 percent during the first half of the current fiscal year (July-December 2006-07) at $5.318 billion, against last year's $5.097 billion, depicting an increase of $220.493 million, according to official statistics on Friday.
The post-quota regime has put a negative impact on the country's textile exports, showing a decrease of 1.12 percent during July-November of the current fiscal year.
The exports in textile rose by 14 percent to $976.402 million during December 2006 against $857.998 million of December 2005 indicating an increase of $118.404 million during December 2006. However, textile exports in December 2006 showed an increase of $111.467 million, or 12.89 percent, against $864.935 million in November 2006.
During this period (July-December 2006-07), cotton yarn exports showed a rise of 9.66 percent; knitwear exports moved up by 13.29 percent, and towels by 4.63 percent. Similarly, exports of tents increased by 206.13 percent; readymade garments by 2.49 percent, art silk by 127.87 percent, whereas exports of other textile sectors registered 2.97 percent growth.
However, exports of four textile sectors fell during this period, which included raw cotton, cotton cloth, bed-wear and made-up articles. Raw cotton exports declined by 23.53 percents, cotton cloth by 10.50 percent, bed-wear by 6.41 percent and made-up articles by 6.87 percent. Country's textile exports fell by 1.12 percent during the first five months of current fiscal year as compared to the same period of last fiscal year.
Pakistan's textile exports were $4.192 billion during the first five months July-November period of the current fiscal year as compared to $4.239 billion during the same period of last fiscal year (2005-06), showing a decrease of $47.54 million in five months.