ISLAMABAD: The export earnings from readymade garments have increased significantly as these registered an increase of 8.51 percent in terms of value with 22.843 million dozens various types of items worth US $ 1548.282 million during first three quarters of this year.
The number of various types of readymade garments exported during same period last year was 21.434 million dozens and their worth was US $ 1426.826 million.
An official data on Monday showed that readymade garment industry has emerged as one of the important small scale industries in Pakistan as its products have large demand both at home and abroad.
The local requirements of readymade garments are almost met by this industry.
The garment industry is also a good source of providing employment opportunities to a large number of people at a very low capital investment. It mainly uses locally produced raw materials.
Most of the machines used by this industry are imported or locally made and assembled.
The data further revealed that production of garments by units depends on export orders directly or indirectly and these orders have somewhat risen in terms of value, but they have fluctuated widely in terms of quantity.
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