Pakistan’s textile sector saw a 5.37% increase in exports during the first two months of the fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS). The textile export value stood at $2,915.453 million in July-August 2024, compared to $2,766.870 million during the same period last year.

Key contributors to this growth include cotton cloth, which saw a 7.23% increase in exports, amounting to $322.654 million. The knitwear segment surged by 7.15%, reaching $820.585 million. Additionally, bed wear exports increased by 7.61% to $504.753 million.

Other notable performers were towels, up by 6.87% to $170.766 million, and ready-made garments, which saw a significant rise of 17.85%, bringing in $658.499 million.

Decline in Cotton Yarn Exports

However, despite the overall increase, some segments faced challenges. Cotton yarn exports dropped sharply by 45.21%, declining from $201.837 million to $110.588 million. Meanwhile, raw cotton exports experienced a complete halt, going from 3.073 million to zero.

On a year-on-year basis, textile exports in August 2024 increased by 12.99%, reaching $1,644.317 million, compared to $1,455.219 million in August 2023. The month-on-month comparison also shows positive growth, with a 29.36% increase from $1,271.136 million in July 2024.

The increase in textile exports underscores Pakistan’s resilience in the global textile market, despite the challenges faced by specific commodities.