Textile exports fall 3.1 percent in February


Source: thenews.com.pk thenews.com.pk

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Textile exports fall 3.1 percent in February Business Our Correspondent March 17, 2021 ISLAMABAD: Textile exports fell 3.1 percent year-on-year and 6.8 percent month-on-month to $1.2 billion in February, the official data showed on Tuesday, as less number of working days during the month compounded the negative impact of high yarn price. In February, exports of knitwear and bedwear fell 13 percent and 1.2 percent year-on-year, respectively, according to the Pakistan Bureau of Statistics (PBS). The decline was carried out from 10.3 and 7.3 percent contraction month-on-month. The downtrend was mainly due to downbeat value-added sector that is a key...