Arab Today, arab today pakistan’s nontextile exports surge by 313
Last Updated : GMT 15:59:42
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Pakistan’s non-textile exports surge by 3.13%

Arab Today, arab today

Arab Today, arab today Pakistan’s non-textile exports surge by 3.13%

Islamabad - Arabsotday

Export of non-textile products posted a growth of 3.13 per cent in the first 11 months of the current fiscal year 2011-12 over last year, a move towards exports diversification. The growth was mainly driven by engineering goods, surgical goods, sports goods, and jewellery during the period under review, suggested data of Pakistan Bureau of Statistics on Friday. In absolute terms, volume of non-textile products reached $10.227 billion in July-May period this year as against $9.916 billion over the same period last year. Although an over-all export volume of these products recorded an unprecedented increase, a sharp decline in exports of some traditional products was also witnessed. The upward trend in export of non-textile products is being recorded since July 2008, indicating a natural diversification of the export base owing to depreciation of rupee, which was highly concentrated in few textile-based products. But carpets and leather products witnessed a declining trend in export proceeds since December 2008 owing to higher cost of doing business and high competition from China and Indian exporters. A 7.29 per cent decline was witnessed in export of carpets during the period under review over last year. Export of sports goods was up by 2.96 per cent in July-May period this year over the last year. Export of footballs recorded an increase of 9.82 per cent. However, export of gloves declined by 7.06pc. Pakistan’s export of surgical goods and medical instruments increased by 17.06 per cent, engineering goods was up 11.98 per cent, jewelry 105.35 per cent and cement 7.73 per cent during the period under review over the last year. However, export of leather manufacturer declined by 4.54 per cent during the July-May period this year over last year. However, export of leather gloves recorded a growth of 37.22 per cent during the period under review. Footwear exports also posted a negative growth of 8.98 per cent in July-May period this year over last year. Overall export of food group reached $3.908 billion in July-May period this year as against $4.044 billion over the same period last year, showing a decline of 3.37 per cent. From gulftoday

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