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Knitwear export grows despite textile dull performance

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LAHORE: The country’s knitwear apparel textile has shown a significant growth as knitted garments’ export during first 10 months of the financial year from July 2018 to April 2019 has registered an increase of 8.76 percent to $ 2.39 billion against $ 2.20 billion of the same period of last year. According to the latest data of Federal Bureau of Statistics, during the period under review, the export of woven garments was $ 2.18 billion showing an increase of 3.21 percent over the corresponding period last year. On the other hand, the whole textile group was on decline with exports of $11.13 billion, 0.02 percent less than the exports of last year’s corresponding period. Similarly Pakistan’s total exports have reported a downfall of 0.11% against the export of the same period last year. INP