Pakistan exported textile products worth $4,127.8 million during the first quarter (Q1) of the current financial year (2023-24), the Pakistan Bureau of Statistics (PBS) reported. The exports of the product however witnessed a decline of 10.0 percent during July-September (2023-24) when compared to the exports of $4,584.0 million during the Jul-September (2022-23).
The textile commodities that witnessed positive growth in trade included raw cotton, the exports of which grew by 12.08 percent, from $5.9 million last year to $6.6 million this year. The trade deficit from July-September (2023-24) was recorded at $5.3 billion as against the deficit of $9.2 billion in July–September (2022-23), showing negative growth of 42.3 percent.
During the period under review, the exports decreased by 3.8 percent to $6.9 billion compared to the exports of $7.2 billion during the corresponding period of last year, according to the latest PBS data. On the other hand, the imports narrowed by 25.4 percent and were recorded at $12.2 billion compared to $16.3 billion last year. http://rb.gy/yr87u
Source: IBP