September-2009

 

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Textile exports decline by 12% in July

Exports of textile products decreased to 12% in the first month (July) of the current financial year as against corresponding period of the last year. According to the figures, Federal Bureau of Statistics exports of textile group declined to $800 million in the month of July 2009 against $908 million in July 2008 registering a negative growth of 12%. The break-up of textile group shows that in the previous month, export of yarn increased by 13.18% , art silk and synthetic textile 138.09%, made up articles 0.22% and other textile materials 32.96%.

However, the export of raw cotton decreased by 16.85%, cotton yarn declined by 3.21%, cotton cloth 34.73%, cotton (corded) 80.41%, knitwear 11.98%, bed wear 14.87%, towels 15.74%, tents 54.33%, and readymade garments 6.98%.

On the other hand the figures show that the import of textiles machinery also declined by 41.64% during the last month over the same month of last year.

Textile industry was employing 3.5 million labourers, 38% of the country's total labour force. However, the innumerable closure of textile mills had resulted in many direct and indirect job losses. According to conservative estimates, some 100,000 labourers were laid off, directly, which meant that 400,000 indirect jobs, supporting a family of five each, would result in a total impact of around two million families, double the number of the Internally Displaced Persons (IDPs), in the major textile cities


 
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