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.”
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