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Pakistan's textile exports rise 28pc to $17.6 billion in 11 months

Cotton related textile exports topped the chart

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Pakistan's textile exports rise 28pc to $17.6 billion in 11 months
GNN Media: Representational Photo

Karachi: The exports of textile commodities soared by 28.26 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year.

The textile exports were recorded at $17,623.635 million in July-May (2021-22) against the exports of $13,740.113 million July-May (2020-21), showing a growth of 28.26pc, the latest data released by Pakistan Bureau of Statistics (PBS) said on Friday.

The textile commodities that contributed in trade growth included cotton cloth the exports of which increased by 30.24 percent to $2,236.855 million during the current year as compared to the exports of $1,716.216 million last year.

The other commodities that witnessed growth in trade included cotton year, the exports of which grew by 24.18 percent, from $896.039 million to $1,112.713 million and raw cotton by 1009 percent from 0.593 million to $6.577 million.

Likewise, the exports of cotton (carded or combed) increased by 1450 percent, from $0.064 million to $1.632 million, yarn (other than cotton yarn) by 109.68 percent, from $28.912 million to $60.624 million whereas the exports of knitwear increased by 36.44 percent, from $3,405.133 million to $4,646.029 million.

Exports of bed wear increased by 21.68 percent, from $2,472,782 million to $3,008,838 million, towels by 21.66 percent, from $838.505 million to $1,020.111 million, ready made garments by 30.63 percent, from $2,706.902 million to $3,535.959 million, art, silk & synthetic textile by 29.34 percent, from $326,152 million to $421,860 million, made up articles (excluding towels and bead wear) by 15.19 percent, from $421.860 million to $780.180 million whereas the exports of all other export materials increased by 21.58 percent, from $780.180 million to $692797 million.

The only commodity that witnessed negative growth in trade was tents, canvas and tarpaulin, the exports of which declined by 2.16 percent, from $101.653 million to $99.462 million.

Meanwhile, on year-on-year basis, the textile exports from the country increased by 56.08 percent by growing from $1,051.933 million in May 2021 to $1,641.901 million in May 2022.

However, on month-on-month basis the textile exports from the country declined by 5.59 percent during the month of May 2022 as compared to the exports of $1,739.122 million recorded in April 2022, the PBS data revealed.

It is pertinent to mention here that the overall merchandize exports from the country witnessed an increase of 27.78 percent during the first eleven months of the current fiscal year (2021-22) as compared to the corresponding period of last year.

According to PBS data, the exports from the country were recorded at $28.848 billion during July-May (2021-22) against the exports of $22.576 billion recorded during July-May (2020-21), showing growth of 27.78 percent.

The imports during the months under review also went up by 44.28 percent by growing from $50.028 billion last year to $72.182 billion in July-May (2021-22).

Based on the data, the trade deficit during the period under review was recorded at $43.334 billion, showing an increase of 57.85 percent over the deficit of $27.452 billion recorded during last year, the PBS data revealed.

SOURCE: APP

Pakistan

Saudi Arabia confers Order of King Abdulaziz on Pakistan’s Army Chief

Saudi Crown Prince gives "King Abdulaziz Medal" to General Bajwa  

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Saudi Arabia confers Order of King Abdulaziz on Pakistan’s Army Chief

Riyadh: Saudi Crown Prince Mohammed Bin Salman, deputy premier and minister of defence, decorated Pakistan’s Chief of the Army Staff, General Qamar Javed Bajwa, with King Abdulaziz Medal of Excellent Class, in implementation of the order of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.

This comes in recognition of General Bajwa’s distinguished efforts in consolidating and strengthening bonds of friendship and joint cooperation and developing Saudi-Pakistani relations, the Saudi Press Agency (SPA) reported.

General Bajwa was in the Saudi Kingdom on Saturday for a visit. 

The Crown Prince met General Bajwa in Jeddah on Saturday, where they reviewed bilateral relations, especially in the military fields, and opportunities for developing them. They also discussed a number of issues of common interest.

The occasion was attended by Prince Khalid bin Salman bin Abdulaziz, Deputy Minister of Defence; Chief of General Staff Lieutenant-General Fayyad Al-Ruwaili and a number of senior officials from the two sides.

Saudi Arabian in Pakistan also broke the news through its Twitter handle on Sunday morning.

Another Saudi Embassy tweet said “Order of Shah Abdul Aziz for General Bajwa, Commander-in-Chief of the Pakistan Army: "The award is a recognition of General Bajwa's significant efforts in strengthening and developing Saudi-Pakistani relations."

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World Drug Day being observed today

This year's theme was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

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World Drug Day being observed today

Islamabad: The International Day Against Drug Abuse and Illicit Trafficking or World Drug Day was marked on June 26 every year around the globe with an aim to strengthen action and cooperation in achieving the goal of a world free of drug abuse.

As in other parts of the globe like every year, World Drug Day would also be marked in Pakistan on Sunday to raise awareness of the major problem that illicit drugs represent to society.

This day was supported by individuals, communities and various organizations all over the world. The aim of celebrating World Drug Day was to highlight the harmful effects of drugs.

The focus this year was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

Drug trafficking was a growing crime in Pakistan and police and the Ministry of Narcotics and anti-narcotics forces were cracking down on it on a daily basis.

Various events like motor car and bike rallies, drug awareness stage dramas and drug awareness walks, banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places were being held all over the country, to mark the day.

He said in addition to these awareness activities, ANF also arranged display of banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places.

Further, Awareness Video messages have also been played on LEDs installed at Airports, Railway Stations, important chowks, Bus Addas, Shopping Malls and other prominent places throughout the country.

Similarly, the Ministry of Narcotics Control and United Nations Office on Drugs and Crime (UNODC) Pakistan has also organized walk and cycling rally to commemorate the World Drug Day on Sunday here at Gulshan e Fatima Park, Margalla Road.

The event would be attended by Dr Jeremy Milsom Country Representative UNODC and DG Anti Narcotics Force (ANF).

The event would be attended by counterparts, senior government officials, the international community, students from schools, colleges, civil society and the general public.

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Int’l Day in support of Victims of Torture being observed today

The day serves as a reminder to people that torture is a crime

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Int’l Day in support of Victims of Torture being observed today

Islamabad: Intentional Day in support of Victims of Torture is being observed today across the globe including Pakistan to remind people that human torture is not only unacceptable but it is also a crime.

International Day in Support of Victims of Torture is an international observance held annually on 26 June to speak out against the crime of torture and to honour and support the hundreds of thousands victims and survivors across the world.

On June 26, 1987, the convention against torture came into force. It was an important step in the process of globalizing human rights and acknowledging that torture and inhuman or degrading treatment or punishment should be universally illegal. In 1997 the United Nations General Assembly decided to mark this historic date and designated June 26 each year as the international day in support of victims of torture.

The first International Day in Support of Victims of Torture was held on June 26, 1998. It was a day when the United Nations appealed to all governments and members of civil society to take action to defeat torture and torturers everywhere.

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