Pakistan's textile exports to surge after gaining edge over rivals: Razak Dawood

News Image

By MG News | January 31, 2022 at 09:25 AM GMT+05:00

0:00

January 31, 2022: Adviser to Prime Minister on Commerce, Abdul Razak Dawood says Pakistan’s textile exports are set to swell to a record after gaining an edge over South Asian rivals during the corona pandemic.

In an interview, he said textile exports are poised to surge 40 percent from a year earlier to a record 21 billion dollars in the twelve months till June.

The Advisor said the figure would expand to 26 billion dollars in the next fiscal year, surpassing the nation’s total exports last year.

He said Pakistan allowed its factories to open ahead of India and Bangladesh when the pandemic first emerged in 2020, drawing orders from global brands.

He said most of these orders were shifted from Bangladesh and India to Pakistan during the pandemic.

Abdul Razak Dawood said the government plans to announce a proposal next month that will provide incentives for exports to new markets such as Africa, South America and Central Asia.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,605.00 108,105.00
107,505.00
-630.00
-0.58%
BRENT CRUDE 66.45 66.63
66.34
-0.29
-0.43%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.79 65.02
64.67
-0.32
-0.49%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg