Tuesday, March 5, 2024

Pakistan May Report $20 Billion Textile Exports in 2022

Textile exports have recovered from a sharp drop and are on the path to exceed the USD 20 billion target, thanks to the government’s export-oriented policies and solid economic recovery in the major export markets.

After achieving stability, the textile export industry is beginning a period of sustained economic expansion and will continue to grow at a high rate.

In a press statement issued recently, the Chairman of Pakistan Textile Exporters Association (PTEA) expressed satisfaction with the country’s rising export trend.

He states that the country has seen a rapid recovery of exports since the removal of COVID-related restrictions, with outbound shipments rising faster than those of regional competitors Bangladesh and India in recent months.

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