September 03, 2022 (MLN): Pakistan’s textile exports have increased by 6% YoY to $1.55 billion in August 2022, as compared to $1.46bn in August 2021, All Pakistan Textile Mills Association (APTMA) revealed on Friday.

The growth in textile exports has been reduced to single digit from double-digit due to the lack of energy supplies.

Similarly, on a sequential basis, the textile exports have inched up by 4.73% MoM, compared to $1.48bn in July 2022.

In 2MFY23, the exports from the same sector witnessed a meager growth of 3% YoY to $3.03bn.

Given these numbers which indicate an alarming situation, the trading body has warned, “If reliable, affordable supplies were not made available, this could contribute to sluggish growth in ensuing months.”

 Copyright Mettis Link News

Posted on:2022-09-03T23:40:42+05:00

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