The textile industry of Pakistan continues to remain
stagnant despite the Government having depreciated the rupee
and reduced the cost of gas and electricity.
It is worth noting that the
country’s textile exports grew marginally by little more
than 1 per cent to clock US $ 8.9 billion for the July to
February period of the current fiscal year
Substantiating further, the Pakistan Bureau of Statistics (PBS)
added that the overall exports of the country touched US $
15.1 billion for the aforementioned period, just up by 1.9
The Government had depreciated the rupee by nearly 25 per
cent as the dollar value had gone to Rs. 140. More on that,
an official from the Ministry of Commerce said “Impact of
rupee depreciation would be visible in next 5 months.”
He quickly added that the country’s exports will pick up the
momentum whereas imports will witness a steep slump in the
The reduction in the price of gas and electricity has also
not helped in enhancing the textile exports.
According to PBS, knitwear exports rose by 11.36 per cent
during the July to February period (2018-19), while the
cotton exports fell by 1.04 per cent.