Non-textile exports turn in flat performance in 1QFY23
Pakistan’s exports of non-textile products posted a paltry growth of 0.77 per cent year-on-year to $2.59 billion in the first quarter of the current fiscal year, data compiled by the Pakistan Bureau of Statistics (PBS) showed on Thursday. The stagnation in export proceeds of the non-textile sector was noted since the start of the current fiscal year as demand slowed down in the buyers’ market. No growth was recorded in September on a year-on-year basis. In FY22, the non-textile exports posted a growth of 25.85pc. In the value-added leather sector, exports of leather garments grew by 2.99pc. The export of leather gloves rose 7.24pc in July-September of 2022-23. Contrary to this, the exports of raw leather increased by 1.70pc in the first quarter. Pakistan is one of the main suppliers of global surgical instruments. However, these instruments are re-marketed in western countries by famous brands. As a result, the export value of these products remains very negligible.