Exports of non-textile goods shrink

Pakistan’s exports of non-textile value products saw a contraction in the first half of 2023-24 from a year ago. The negative growth was observed despite an increase in the country’s main exports of textiles and clothing in the same period, according to data compiled by the Pakistan Bureau of Statistics. In the July-December period, the exports of leather garments fell by 9.71 per cent year-on-year in FY24. The decline was noted in both leather garments and gloves. The exports of raw leather also decreased by 23.17pc during the period under review. The export of carpets and rugs declined by 21.61pc in 6MFY24. The export of sports goods also declined 2.35pc led by a 21.9pc dip in footballs’ shipments. Pakistan is one of the main suppliers of global surgical instruments. However, the export value of these instruments remained negligible during July-December FY24 over the same months last year as these are re-marketed in Western countries by famous brands.