Pakistan targets $20 billion textile exports

Pakistan' s textile industry has set a target a increase textile exports to $20 billion in the next few years. Its textile exports rose by 37 per cent to $1.69 billion in February 2022, as against $1.23 billion in February 2021, reveals All Pakistan Textile Mills Association.

The exports of textile commodities surged by 24.73 percent during the first seven months of the current fiscal year (2021-22) as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported.

Sohail Pasha, Chairman, Pakistan Textile Exporters Association (PTEA) says, Pakistan' s textile exports experienced rapid recovery following the elimination of Covid-related restrictions.

Outbound shipments surged faster than those of regional competitors including Bangladesh and India. Textile exports surged by 26 per cent year-on-year to $9.38 billion in the first half of fiscal year 2021-22, he adds.