Pakistan textile exports decreasing

The textile sector in Pakistan experienced a 1.5 percent decrease in exports during July and August 2012, as compared to the same period in 2011, according to reports by the Pakistan Bureau of Statistics. Only cotton yarn exports increased during the period (38 percent), while exports declined in raw cotton (83 percent), knitwear (14 percent), bedding (17 percent) and art, silk and synthetic textiles (7 percent). The high cost of energy remains a major problem for Pakistani textile operations. The country consumed $2.79 billion in crude oil and its products, 8 percent more than in the same period in 2011. Other factors reducing textile exports in Pakistan include dwindling international demand for its products and concerns about lawlessness and national security.

Source: Tex Index