Textile exports decline 7.7% in 10 months

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ISLAMABAD, May 23 (APP): The textile exports from the country witnessed negative growth of 7.72 percent during the first ten months of the current fiscal year compared to the corresponding period of last year.

The textile exports during July-April (2015-16) were recorded at $10.395 billion compared to the exports of $11.265 billion during July-April (2014-15), according to the data of Pakistan Bureau of Statistics (PBS).

The textile products that contributed in negative growth of textile trade included cotton yarn, exports of which dropped by 32 percent from, $1.590 billion last year to $1.081 billion during the current fiscal year.