Pakistan's textile exports decline

by:JIYALI     2021-08-16
Pakistan’s 'Business Chronicle' reported on May 21 that in the first 10 months of the current fiscal year (July 2007 to April 2008), Pakistani textiles exported 8.649 billion U.S. dollars due to increased international competition and production costs. In the same period of last fiscal year, 8.875 billion US dollars decreased by 2.54%. Pakistan's textile exports accounted for 65% of its total exports, and the negative growth of textile exports directly hurt Pakistan's export situation. Recently, Pakistan's raw cotton supply is in short supply and prices continue to rise. The domestic political uncertainty and political crisis have led to a reduction in orders that are the main reasons for the decline in Pakistan's textile exports.
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