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Pakistan's Textile Exports Up by 6% in August

Pakistan's Textile Exports Up by 6% in August

 Pakistan's material commodities enrolled a development of 6% on a Year-on-Year (YoY) premise in August 2022 and remained at $1.55 contrasted with $1.46 billion in a similar period last year.

Pakistan's Textile Exports Up by 6% in August


As per information ordered by Arif Habib Limited, the material commodities expanded by 4.7 percent on a Month-on-Month (MoM) premise in August contrasted with $1.48 billion in July.


Material commodities expanded by 5% MoM to USD 1.6bn during Aug'22


Aug'22: $ 1.55bn, +6% YoY, +5% MoM
2MFY23: $ 3.03bn, +3% YoY@PBSofficialpak @APTMAofficial @StateBank_Pak#PBS #Exports #Trade #Economy pic.twitter.com/BFagM6RwOM
— Arif Habib Limited (@ArifHabibLtd) September 2, 2022


During the initial two months of monetary year 2023 (2MFY2023), the material commodities flooded by 3% YoY to $3.03 billion against $2.93 billion during 2MFY2022.


Pakistan's material commodities had dropped by 13.21 percent on a month-on-month (MoM) premise to a 11-month low of $1.481 billion in July 2022 for the most part because of an absence of energy supplies, as the public authority had removed the gas supplies to the business in Punjab. Nonetheless, constant energy supplies in August have advanced the circumstance.