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Home Business

Non-Textile Exports Grew 23.4% to $2.48Bn in the 1Q of FY22

by Web Desk
October 19, 2021
in Business, Economy
Reading Time: 1 min read
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Non-Textile Exports
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In the 1st quarter of the current fiscal year, the non-textile exports grew by 23.4% to $2.48Bn. This was the result of the international orders reviving partially along with the support schemes of the government.

The growth of the non-textile exports is mostly within the value-added sectors. As per the data compiled by PBS (Pakistan Bureau of Statistics), the non-textile sector is yet to receive orders of pre-COVID level.

The three main sectors, leather garments, surgical instruments, and the goods for engineering, maintained the growth despite the pandemic and lockdowns, in FY21. However, in the current fiscal year, the three sectors showed growth.

Leather garments showed growth of 4% along with 43% growth in exports of raw leather, during the first three months. Moreover, the exports of surgical instruments showed a negative growth of 6% as compared with the last year. Contrary to that the pharmaceutical products showed positive growth of 7%.

Tags: BusinessEconomyExportsFinancePakistanPBSPTI Government
Web Desk

Web Desk

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