-Pakistan’s textile exports fell by % year-on-year

Pakistan has enjoyed the EU’s Super GSP treatment since this year. It was previously expected that textile exports this year could increase by at least US$1 billion. However, textile exports fell by 5% year-on-year in July and August, with cotton yarn and clothing exports falling by 26% and 13% respectively. %. Analysts believe that insufficient energy supply is the main reason for the decline in textile exports, limiting export potential by at least US$2 billion every year.