According to Pakistan’s “Dawn” report on September 21, the Pakistan Bureau of Statistics (PBS) recently released export data from July to August, showing that the growth of high value-added textile exports is the main reason for rising exports. The report pointed out that Pakistan’s total exports increased by 11.8% to US$3.49 billion from July to August, of which textile exports increased by 5.9% to US$2.18 billion, and non-textile exports increased by 23.5% to US$1.31 billion. Among textiles, exports of high value-added garments, knitwear and bedding increased by 15.65%, 7.53% and 8% respectively to US$420 million, 440 million and 380 million US dollars; while intermediate products (such as cotton yarn, cotton cloth) and low value-added textiles (such as carding, tents) exports fell by 4% and 100% respectively. Officials from the Ministry of Commerce pointed out that the growth in exports of high value-added textiles is due to policy support on the one hand, and the preferential export to the EU through the EU GSP+ program on the other. High value-added textiles drive Pakistan’s exports higher
AAAweqeqeasddqfrwerewgre
