August 02, 2022 (MLN): Pakistan’s textile exports witnessed a decline of 10% MoM to stand at $1.54 billion in July 2022, according to the provisional data released by All Pakistan Textile Mills Association (APTMA).

However, on year on year, textile exports have increased by 5% during July 2022 when compared to $1.47bn in the same month previous year. Notably, the share of textile exports in total exports clocked in at 66% in July 2022 against 63% in the same month last year.

As per APTMA, this textile export growth has been reduced from double digits to single digits due to a lack of energy supplies.

The association warned, “If reliable, affordable supplies were not made available, this could further contribute to negative growth in the ensuing months.”

Copyright Mettis Link News

34403