Exports of readymade garments earn over Rs1.2 billion

Exports of readymade garments earn over Rs1.2 billion
Islamabad (APP): The exports of readymade garments earned $1,260,543 million during the first half of the current fiscal year (2018-19), showing growth of 0.89 per cent over the corresponding period of last year.

During the last fiscal year, readymade garments worth $1,249,416 million were exported, according to data of Pakistan Bureau of Statistics (PBS).

Overall textile exports during the period under review witnessed a nominal growth of 0.06 per cent by going up from $6,641,486 million last year to $6,645,793 million, the data revealed.

Meanwhile, on a year-on-year basis, the exports of readymade garments increased by 3.59 per cent during December 2018 compared to the exports of December 2017. The exports of readymade garments during the month under review were recorded at $238,119 million compared to the exports of $229,877 million.

On a month-on-month basis, the readymade garments exports from the country increased by 11.86 per cent during the month when compared to the exports of $212,877 million during November 2018, the PBS data revealed.

It is pertinent to mention here that the overall trade deficit of the country has contracted by five per cent to US$ 16.8 billion in July-December (2018-19) against the deficit of US $17.7 billion during the same period of the year 2017-18.