Readymade garments worth US$ 1.704bn exported in 9 months

ISLAMABAD: Readymade garments exports from the country during first three quarters of current financial year increased by 5.93 percent as compared the exports of the corresponding period of last year.

During the period from July-March, 2016-17, 24,823 thousand dozens of readymade garments worth US$ 1.704 billion exported as against the exports of 23,704 thousand dozens valuing of US$ 1.608 billion of same period last year.

Meanwhile, the exports of madeup articles excluding towels grew by 2.97 percent in last nine months of current financial year and reached at US$ 485.146 million as compared US$ 471.61 million of same period last year.

However, exports of knitwear during the period under review decreased by 0.07 percent and recorded at US$ 1.745 billion as compared the exports of US$ 1.746 billion of same period of last year.

During first three quarters of current financial year exports of the towel from the country decreased by 3.18 percent as was recorded at 132,723 metric tons.

Towels worth of US$ 578.24 million were exported during the period under review as compared the exports of US$ 597.1 million of the corresponding period of last year.

Same time, in last 9 months exports of bedwear grew by 5.11 percent and about 263,814 metric tons of the bedwear worth US$ 1.585 billion exported as compared the exports of 244,295 metric ton valuing of US$ 1.508 billion of same period of last year.

However, in first three quarters of current financial year textile group exports registered negative growth of 0.89 percent and was recorded at US$ 9.278 billion as compared the exports of US$ 9.362 billion of corresponding period of last year.