According to data on material exports published by the All Pakistan Textile Mills Association (APTMA), the country’s textile exports decreased by 12 percent in January 2023 as compared to the same month the previous year, totaling $1.36 billion as opposed to $1.55 billion.
The country’s cloth exports dropped through 12 percentage in January 2023 in contrast to the identical month the 12 months before, totaling $1.36 billion as adversarial to $1.55 billion, in accordance to records on fabric exports issued by way of the All Pakistan Textile Mills Association (APTMA).
Textile exports fell through 8% YoY at some point of the first seven months of the present day fiscal yr (FY) 2022–23, falling to $10.08 billion from $10.93 billion throughout the same time final year.
Textile exports in the first 7 months of FY23 decreased by 8% compared to corresponding year FY22. Whereas in the month of January, textile exports have decreased by 12% compared to corresponding year FY22.#TextileExportForSustainableEconomy pic.twitter.com/qOsqHofLk6
— All Pakistan Textile Mills Association (@APTMAofficial) February 2, 2023
The exports in December 2022 totaled $1.36 billion, down from $1.42 billion in November 2022 and $1.62 billion in December of FY22, a decline of 16%.
After fabric proprietors threatened a strike until now this month over the non-clearance of imported cotton containers at Karachi Port, it is anticipated that fabric exports will see a extended length of downturn this year.
In the worst case, a paucity of uncooked materials, mainly uncooked cotton, will in all likelihood motive the enterprise to fall brief of its $25 billion export intention this year. This year, material exports will be capped at $16 billion or $17 billion.
