Textile exports surge 16pc

The textile and clothing exports rebounded 15.85 per cent in January from a year ago, Pakistan Bureau of Statistics data showed on Monday. From the start of the new fiscal year, the textile exports maintained a bullish trend with robust growth of 13pc in August, 17.92pc in September, 13.11 pc in October, 10.81 pc in November, and 5.55pc in December. However, export growth bounced back to double digits in January, as was forecasted by exporters. The disruption in supply from Bangladesh has also boosted demand for Pakistani garments. In absolute terms, the textile and clothing exports rose 15.85pc to $1.68bn in January FY25 from $1.45bn in the corresponding month last year. In the first seven months (July-January), the exports of textile and clothing reached $10.77bn as against $9.74bn over the corresponding months of last year, showing an increase of 10.60pc.