LAHORE MIRROR — The country’s textile group exports fell by around 9.49 percent during the first two months (July-August) of the current fiscal year 2023-24.
Data compiled by the Pakistan Bureau of Statistics (PBS) shows that the textile group exports stood at $2.766 billion compared to $3.056 billion during the same period of 2022-23.
The data on exports and imports released by PBS revealed that on a month-on-month (MoM) basis textile exports registered 10.95 per cent growth in August 2023 and stood at $1.455 billion compared to $1.311 billion in July 2023.
On year-on-year (YoY) basis, textile exports declined by 7.65 per cent in August 2023 when compared to $1.575 billion in August 2022.
The country’s overall exports during July-August of the fiscal year 2023-24 were $4.434 billion (provisional) against $4.733 billion during the corresponding period of last year showing a decrease of 6.32 per cent.
In August, the exports were $2.366 billion (provisional) as compared to $2.068 billion in July 2023 showing an increase of 14.41 per cent but decreased by 4.71 per cent as compared to $2.483 billion in August 2022.
