Pakistan'S Textile Exports Surged 8% In The First Seven Months Of Fiscal Year 2020-21

Pakistan's textile and clothing exports increased by more than 8% to $8.76 billion in the first seven months of this fiscal year (July 2020 to January 2021), Pakistan's Bureau of statistics released data on Wednesday, according to Pakistan's "Dawn News" on February 18. Among them, the export volume in January increased by 10.79% year-on-year to 1.32 billion US dollars.

According to the Ministry of Commerce, this achievement is due to a series of stimulus measures taken by the government in the past two years. The abolition of import tariffs on industrial raw materials, timely return of export tax rebates, depreciation of the rupee and lower interest rates have all accelerated industrial growth, especially export-oriented industries.

The government will continue to provide government support to the textile industry to promote its development.