Pakistan’s textile and clothing exports increased by more than % year-on-year in the first fiscal year

According to Pakistan’s “Dawn” report on February 18, the Pakistan Bureau of Statistics released data on Wednesday showing that in the first seven months of this fiscal year (July 2020 to January 2021) Pakistan’s textile and clothing exports increased by more than 8% year-on-year to US$8.76 billion. Among them, export volume in January increased by 10.79% year-on-year to US$1.32 billion. Commerce Minister Dawood said that this achievement is due to a series of stimulus measures taken by the government in the past two years. The elimination of import tariffs on industrial raw materials, the timely return of export tax rebates, the depreciation of the rupee and lower interest rates have accelerated industrial growth, especially exports. oriented industry. The government will continue to provide government support to the textile industry to promote the development of the industry. </p