Textile sector growth declines by 2.10 percent during 2007-08
Last Updated: July 18, 2008: 12:01 PM CST
Pakistan textile sector performance remained dismal during 2007-08 with negative growth of 2.10 percent over the same period of last year, said Federal Bureau of Statistics on Thursday.
The textile sector performed poorly even in June over last month with statistics showing that its exports declined from $936 million in May 2007-08 to $919.052 million in June on the back of poor performance by almost all the sectors, except few.
Monthly analysis of the data showed that only tents, canvas and tarpaulin, cotton yarn, cotton corded or combed and others showed positive growth in textile in June while all the remaining sectors recorded negative growth during the period under review.
The export of raw cotton decreased by 31.27 percent, cotton cloth by 3.23 per cent, yarn other than cotton yarn 13.18, towels by 5.44 per cent, ready made garments by 4.39 per cent, art silk and synthetic textile 0.77 per cent, made up articles and excellent towels by 4.14 per cent, other textile material by 9.33 per cent.
The export of raw cotton declined from $6.923 million in May to $4.758 million in June, cotton cloth from $155.73 million to $150.692 million, yarn other than cotton yarn from $2.929 million to $2.543 million.
The textile sector performed poorly even in June over last month with statistics showing that its exports declined from $936 million in May 2007-08 to $919.052 million in June on the back of poor performance by almost all the sectors, except few.
Monthly analysis of the data showed that only tents, canvas and tarpaulin, cotton yarn, cotton corded or combed and others showed positive growth in textile in June while all the remaining sectors recorded negative growth during the period under review.
The export of raw cotton decreased by 31.27 percent, cotton cloth by 3.23 per cent, yarn other than cotton yarn 13.18, towels by 5.44 per cent, ready made garments by 4.39 per cent, art silk and synthetic textile 0.77 per cent, made up articles and excellent towels by 4.14 per cent, other textile material by 9.33 per cent.
The export of raw cotton declined from $6.923 million in May to $4.758 million in June, cotton cloth from $155.73 million to $150.692 million, yarn other than cotton yarn from $2.929 million to $2.543 million.
