PAKISTAN: Knitwear and garments drive export growth
Exports of ready-made garments jumped 41.7% to PKR14.87bn in October
Pakistan's knitwear and ready-made garment exports continued to rise during October on the back of increased demand from Europe and the US.
Knitwear exports rose 14.4% to PKR16.91bn (US$176m) in October compared to the same period last year, according to the Pakistan Bureau of Statistics. Exports of ready-made garments jumped 41.7% to PKR14.87bn during the same period.
Cotton cloth exports were up 27.6% to PKR21.16bn, while cotton yarn exports increased 41.3% to PKR16.28bn against the same month last year. Total exports rose 17.54% to PKR192.2bn in October.
Exports of knitwear climbed 4.9% from September to October, while ready-made garments increased 11.9% month-on-month.
Improved domestic energy supplies and a waiver in EU import duties have continued to support the growth in shipments.
Total exports from Pakistan increased 14.6% to PKR776.8bn between July and October, compared to PKR677.8bn the year before. The fiscal year 2013 runs from July 2012 to June 2013.
- Slow fashion: a fast-growing opportunity?
- Rethink needed as low-cost labour options dwindle
- African apparel sector needs cooperation to thrive
- New wage ladder lifts workers towards living wages
- US retailers to face logistics issues into 2015
- Gap unveils management changes as Q3 profit rises
- Long-running SL Garment dispute settled
- Bangladesh worker dies as factory boiler ruptures
- Tazreen Fashions compensation agreement outlined
- Puma commits to 100% PFC removal