PTEA hails increase in exports

FAISALABAD: Pakistan Textile Exporters Association (PTEA) has hailed the upsurge in country's exports of 15.28 percent year-on-year to US$ 21.34 billion in first eleven months of current fiscal year.

In a statement here on Tuesday, PTEA Chairman Mian Shaiq Jawed has lauded the upsurge in country's exports.

He claimed value-added textiles as the main driver of growth in the country's exports which has risen 8.13% to US$ 11.13 billion in July-April period of FY18. In the first 11 months of current fiscal year FY18, total exports crossed US$ 21 billion and if the trend continues, they would cross US$ 23 billion, which will be the highest level since FY14.

Appreciating the initiatives taken to arrest the downfall in exports, he said that textile exports have taken the flight as a result of cash incentives under the Prime Minister's export package.