Pakistan’s Textile Exports to Surge as Orders Move From Rivals

[Dalit]

You will know how 'nonsensical diatribe' for sure. That is all you write anyway

You got no arguments. Everyone has figured you out a long time ago.

 

[Wood]

You got no arguments. Everyone has figured you out a long time ago.

You are not any better yourself. Look at you trolling off topic right now

 

[Flight of falcon]

Lets just revisit your Economics 101 here. Now that PKR has pretty weak as compared to year 2021, how did weak PKR help to increase Pakistani exports as per your economic theory?

Google it.

 

[Crimson Blue]

Google it.

Google search proved your economics 101 ....... not so true. Pakistani exports are dropping in year 2022 despite of weak PKR.

...... any more economics 101 lessons for the benefits of PDF netzines.

 

[Ssan]

Google search proved your economics 101 ....... not so true. Pakistani exports are dropping in year 2022 despite of weak PKR.

...... any more economics 101 lessons for the benefits of PDF netzines.

This is because according to Econ 101- lower PKR will decrease exports in short term before increasing it. You can wiki J curve to find out more. I am not sure why lakri Sahab is trying to spin it as though it will help our exports this year.

 

[maithil]

https://twitter.com/x/status/1570340814198542344

 

[ejaz007]

Textiles exports increase 6.37pc in Aug 2022​

In FY22, total textile exports were at a historic high of $19.35 billion, with an increase of over a quarter over FY21’s exports of $15.4 billion​

By Israr Khan
September 16, 2022

ISLAMABAD: Pakistan’s textiles exports have increased 6.37 percent to $1.57 billion in August 2022 compared to last month’s $1.48 billion exports, with all major components – cotton cloth, knitwear, bedwear, towels, and readymade garments – showing growth.

Textile exports were up 7.7 percent over August 2021 exports of $1.46 billion, the Pakistan Bureau of Statistics (PBS) said on Thursday.
From July to August, the textile sector’s total exports increased by 4.2 percent to $3.056 billion from $2.93 billion the same period last year.
In August 2022, cotton cloth exports increased 7.37 percent to $195.4 million compared to $182 million in July 2022, while compared with August 2021, exports rose 3.8 percent from $188.2 million.
Over the previous month, knitwear exports increased 3.4 percent to $450 million; bedwear 1.7 percent to $258 million; towels were almost stagnant at $75 million; exports of readymade garments went up 8.35 percent to $330 million, whereas cotton yarn sales abroad increased 24.8 percent to $89.1 million.
Likewise, over the corresponding month of last year, cotton cloth exports were up 3.8 percent, knitwear 23.6 percent, and readymade garments 16.3 percent. However, over August 2021, exports of bedwear slashed 2.44 percent, towels 9.4 percent, and cotton yarn exports declined 14 percent.
Brokerage Topline Securities said the increase in exports could be attributed to a backlog of orders, resumption of energy supplies, and a higher number of working days in August than in July.
It said, “During the month of July 2022, government suspended the gas supplies to export industry till July 9, 2022.”
In the month of August, these issues were resolved besides the higher number of working days compared to the Eid holidays that fell in July 2022.
It, however, said that increase in energy tariffs and a slowdown in the global economy were a few key challenges facing the sector. Besides this, recently destroyed cotton crops due to floods would also be a challenge for the industry.
In FY22, total textile exports were at a historic high of $19.35 billion, with an increase of over a quarter over FY21’s exports of $15.4 billion. Textiles is the top foreign exchange earner for Pakistan and occupies over 60 percent of the country’s total exports.
In August 2022, the economy imported 6.5 percent more machinery and it stood at $668.4 million against $627.6 million in July. In August 2021, its imports were 984.8 million.
Textile machinery imports increased 49 percent to $55.86 million, power generation machinery went up 21.9 percent to $54.6 million, and telecom sector machinery increased by 49.5 percent to $101.5 million. However, electrical machinery imports were down 19.6 percent to $195.2 million and construction machinery imports declined 14 percent to $6.5 million.
It is to be noted that in August 2022, the country’s total exports were $2.482 billion as compared to $2.254 billion in July 2022, showing an increase of 10.12 percent and 10.46 percent as compared to $2.247 billion in August 2021.
In July-August 2022, exports totalled $4.737 billion against $4.587 billion during the corresponding period of last year showing an increase of 3.27 percent.
Total imports in August 2022 were recorded at $6.07 billion as compared to $4.993 billion in July 2022 showing an increase of 21.59 percent but a decrease of 7.69 percent as compared to $6.577 billion in August 2021.
During July-August 2022, total imports were $11.064 billion as against $12.152 billion during the corresponding period of last year showing a decrease of 8.95 percent.

Textiles exports increase 6.37pc in Aug 2022

ISLAMABAD: Pakistan’s textiles exports have increased 6.37 percent to $1.57 billion in August 2022 compared to last month’s $1.48 billion exports, with all major components –...

www.thenews.com.pk