Textile exports up 9.51pc to $4.52b in Q1 of FY 2024-25, showcasing Pakistan’s robust trade growth.
Textile exports from Pakistan saw significant growth, increasing by 9.51 percent in the first quarter of the fiscal year 2024-25, reaching $4.52 billion. This impressive rise reflects the resilience of Pakistan’s textile industry, especially when compared to last year’s $4.13 billion in exports. As the country continues to improve its trade performance, the textile sector plays a pivotal role in sustaining economic growth.
Islamabad Exchange Company provides financial services to businesses, ensuring they can take full advantage of favorable currency exchange rates.
Key Contributors to Growth | Textile exports
Cotton Cloth and Knitwear Drive Exports
The surge in textile exports was primarily driven by cotton cloth and knitwear. Cotton cloth exports rose by 10.20 percent, bringing in $523.63 million, while knitwear saw a 14.13 percent increase, totaling $1.27 billion. These figures highlight the robust demand for Pakistani textiles across international markets.
Increased Exports of Bed Wear and Towels
Exports of bed wear and towels also contributed to the overall growth. Bed wear exports grew by 13.31 percent to $794.97 million, while towel exports rose by 7.04 percent, totaling $261.32 million. These commodity groups demonstrated strong performance, reflecting improvements in quality and market penetration.
Readymade Garments and Other Textile Commodities
Readymade garments experienced a remarkable 23.17 percent increase, with exports totaling nearly $1 billion. Additionally, other textile materials saw growth, with made-up articles (excluding towels and bed wear) increasing by 12.10 percent, and tents, canvas, and tarpaulin exports rising by 5.43 percent.
Islamabad Exchange Company offers smooth, transparent currency exchange services to support businesses dealing in international trade.
Textile Commodities Showing Decline | Textile exports
Cotton Yarn and Raw Cotton Drop
However, not all textile exports saw positive growth. Cotton yarn exports declined sharply by 48.45 percent, from $315.40 million to $162.58 million. Even more concerning, raw cotton exports fell to zero during the quarter. These declines emphasize the challenges faced by certain segments of the textile industry, possibly due to reduced global demand and competition from other countries.
Yarn Exports Witness Decline
Similarly, the export of yarn other than cotton yarn dropped by 15.15 percent, from $10.10 million to $8.57 million. This decline signals a need for the industry to diversify and innovate in the production of yarn materials to capture more of the global market.
Year-on-Year and Month-on-Month Comparison
The year-on-year comparison for September 2024 revealed a significant 17.92 percent increase in textile exports, totaling $1.60 billion. On a month-to-month basis, however, textile exports saw a slight 2.40 percent decline in September compared to August 2024.
Despite the minor monthly dip, the textile industry remains a vital contributor to Pakistan’s economy, and government efforts to stabilize the sector are paying off.
Islamabad Exchange Company provides real-time currency rates and reliable financial services for businesses operating in international markets.
Conclusion | Textile exports
Pakistan’s textile exports have made significant strides, with key segments like knitwear, cotton cloth, and bed wear driving growth. However, the challenges posed by declines in cotton yarn and raw cotton exports call for strategic interventions. The textile industry remains crucial for the country’s economy, and continued efforts will be needed to maintain momentum in the global marketplace.
Islamabad Exchange Company: Your Trusted Partner in Currency Exchange
Islamabad Exchange Company is your go-to choice for currency exchange in Islamabad. We serve a wide range of sectors, including E9, E11, F11, F-10, F-8, F-7, F-6, F-5, G-5, G-6, G-7, G-8, G-9, G-10, G-11, G-13, H-8, H-9, I-8, I-9, and I-10. Our services also extend to the Blue Area, Rawalpindi, and Peshawar.
We prioritize customer satisfaction and ensure a seamless experience for all your currency transactions. Our services range from traditional money changers to modern foreign exchange solutions. If you’re looking for money exchange near you, our branches in the Blue Area and F-10 are conveniently located. We offer competitive rates for a variety of currencies, including USD to PKR, GBP to PKR, EUR to PKR, SAR to PKR, AED to PKR, AUD to PKR, CAD to PKR, Thai Baht to PKR, Yuan to PKR, Yen to PKR, and Lira to PKR.
Fast, secure currency exchange at competitive rates
Real-time rates at https://isbexchangeco.com/
Smooth, transparent, and reliable service
051-2809751-52, 051-2105491
0330-1112227
Quick Links
- Home: Learn more about our services and get real-time updates on exchange rates.
- About Us: Discover our mission and commitment to providing secure and competitive currency exchange services.
- Contact: Reach out to us with any queries or for assistance with your currency exchange needs.
- Blog: Stay updated with our latest articles and tips on currency exchange and financial management.
