February 2, 2023 (MLN): The textile industry in Pakistan has been dealt a blow as the All-Pakistan Textile Mills Association (APTMA) has released a report indicating a decrease in exports for the first 7 months of the current fiscal year (FY23).
According to the data, exports have fallen by 8% YoY compared to the corresponding period in the previous fiscal year (FY22).
The situation was even more dire in January, with a decrease of 12% YoY compared to the same period in the previous year.
Textile exports in the first 7 months of FY23 decreased by 8% compared to corresponding year FY22. Whereas in the month of January, textile exports have decreased by 12% compared to corresponding year FY22.#TextileExportForSustainableEconomy pic.twitter.com/qOsqHofLk6
— All Pakistan Textile Mills Association (@APTMAofficial) February 2, 2023
This report serves as a call to action for the industry and relevant authorities, with the APTMA urging swift and effective measures to support the textile sector and improve exports.
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Posted on:2023-02-02T13:28:26+05:00
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