Textile exports surge by 22% MoM during July FY20

MG News | August 22, 2019 at 05:21 PM GMT+05:00

0:00

August 22, 2019 (MLN): Textile group exports increased 3% YoY to $1.2 billion during July FY20 as compared to the same period last year, while on monthly basis it increased by 22%, according to State Bank of Pakistan.

The YoY increase in textile exports was mainly due to increase in exports of Knitwear, Bedwear and Readymade Garments by 5%, 7% and 11% respectively. Whereas on monthly basis, the exports of these commodities increased substantially by 31%, 25% and 11% respectively.

During the month under review, Knitwear exports increased to $262.4 million, while the exports of Bedwear and Readymade Garments surged to $207.7 million and $242.7 million respectively.

Meanwhile, exports of cotton Yarn declined by 8% YoY to $111 million where as the exports of cotton cloth remained stagnant at $198 million.

The exports of Towels and other Textile materials increased by 3% and 30% respectively as Pakistan earned $60.4 million and $57.6 million from it, as against $58.5 million and $44.4 million earned respectively in the same month of last year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,404.49 326.40M	-0.32% -556.16
ALLSHR	103,442.24 795.99M	-0.21% -217.04
KSE30	52,413.79 113.03M	-0.27% -143.72
KMI30	244,645.84 109.10M	-0.15% -378.05
KMIALLSHR	67,050.27 450.39M	-0.02% -14.08
BKTi	47,413.54 37.21M	-0.37% -176.81
OGTi	33,419.75 8.88M	-0.20% -67.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,895.00	89,510.00 85,135.00	3075.00 3.63%
BRENT CRUDE	60.55	60.65 59.40	0.73 1.22%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	96.90 96.90	0.50 0.52%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	56.54	56.72 55.61	0.54 0.96%
SUGAR #11 WORLD	14.85	14.87 14.45	0.37 2.56%