Pakistan's latest textiles and clothing export data show slower growth

The Trade Development Authority of Pakistan released figures last week showing textiles and clothing exports rose in value during the first 10 months of the fiscal year by 6.14%, to US$10.75 billion. The rise between earnings during the current fiscal year and 2011/12 therefore shrank compared with the July/March period when the gap had been over 7.0%. Performance in yarn exports seems to have been weaker in many categories during April, but especially in yarn and towelling. Anecdotal evidence indicated that demand from China for yarn slowed in March/April.