Textiles’ export growth slows in April
Textile and clothing exports experienced slower growth for the second month in April, reversing the previous month’s double-digit increase.
Exports inched up 0.37 per cent to $1.24 billion in April, compared to $1.23 billion in the same month last year, according to data released by the Pakistan Bureau of Statistics (PBS) on Thursday. This indicates stagnant orders from international buyers.
On a month-on-month basis, the sector’s exports dipped 4.84pc.
In 10MFY24, however, textile and clothing exports shrank 0.19pc to $13.68bn from $13.71bn in the same month last year.
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