Pakistan’s textile exports reach 26-month high
MNP – Pakistan’s textile exports surged to a 26-month high in August, reaching $1.64 billion — a 13% year-on-year increase — due to government policies and facilitation by the Special Investment Facilitation Council (SIFC).
According to the Pakistan Bureau of Statistics, last August, textile exports stood at $1.46 billion.
Significant growth was recorded across various sectors, with knitwear and bedwear exports increasing by 15%, and ready-made garment exports up by 28% compared to last year.
Analysts attribute the rise to Pakistan’s strategic positioning in the global textile market, especially in light of political instability in Bangladesh and international sanctions on China, which have led global importers to seek alternatives.
Shagufta Irshad, a JS Global research analyst, noted that these conditions have enhanced Pakistan’s role as a favourable market for textile products globally. Interloop Ltd, one of Pakistan’s major textile companies, expects continued export growth, which could boost profit margins and contribute positively to Pakistan’s economic outlook.
