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Textile Sector Showed Huge Export Growth in July to December 2020

Pakistan’s exports of textiles and pharmaceuticals posted high growth in July-December 2020, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood announced in a tweet on Wednesday.

Sharing the figures of textile export for July-December 2020, he said that the exports of home textiles increased by 16 percent to $2.017 billion in July-December 2020, while the exports of readymade garments grew by 25 percent to $1.181 billion, and tents and canvas exports grew by 57 percent to $62 million during the said period.

The adviser also shared non-textile sectors that posed growth in exports, where the pharmaceuticals sector increased by 25 percent to $138 million, ethyl alcohol (industrial) exports went up by 14 percent to $182 million, and the exports of tobacco and cigarettes went up by 84.5 percent to $29 million. Processed food exports also increased by 120 percent to $25 million, the adviser tweeted.

It is even more encouraging to note that the non-textile sector exports are also showing healthy growth. During Jul-Dec 2020, the exports of Pharmaceuticals increased by 25% to USD 138 million, Ethyl Alcohol (Industrial) by 14% to USD 182 million,…2/3 pic.twitter.com/UWrindzMaA

— Abdul Razak Dawood (@razak_dawood) January 13, 2021

The country’s exports witnessed 18.31 percent growth and remained $2.352 billion in December 2020 compared to $1.988 billion in December 2019.

Source: Propakistani




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