ISLAMABAD: The textile export fell to $2.169 billion in first two months of current fiscal year from $2.289 billion over the corresponding months of last year.
According to data released by Pakistan Bureau of Statistics, the textile and clothing export fell by over 5% in July-August 2014 from a year ago as exports grew by 2.75% last year and reached $25.132 billion from $24.460 billion.
As per PBS data, export of cotton cloth fell by 13.77%, cotton yarn 27.01%, other textile material 5.88pc and made-up articles 2.60pc during July-August 2014 as compare to the same period of last year. While export of bedwear increased by 9.08%, knitwear 9.25%, readymade garments 1.38%, towels 2.38%, cotton carded 142%, 82.81% and raw cotton 41%.
Total export proceeds witnessed a decline of 5.84% to $3.840 billion in July-August 2014 from $4.077 billion in the same period of fiscal year 2013.
The experts said that the continued energy crises were the major cause of decline in textile export despite the access to the European markets. They said that Pakistan got access to the market of European Union after struggle of a long period but the government had failed to avail the opportunity by not overcoming the power shortage.
