Islamabad (Commerce Desk) An increase has been observed in the country’s textile exports, which is being termed an important step towards economic stability. According to official statistics, textile exports increased by 1.83 percent during the first 11 months of the current fiscal year, reaching 16.67 billion dollars. During this period, knitwear exports were recorded at 4.60 billion dollars, while readymade garments exports were recorded at 3.97 billion dollars.
Cotton yarn exports also increased by 13.35 percent, taking the overall volume of this sector to 701.1 million dollars.
According to the report, this improvement in exports reflects continuity in industrial activity, competitiveness in the global market, and improvements in the production process. Relevant institutions state that this development is strengthening foreign exchange reserves, employment opportunities, and industrial growth.