June 22Nd News: The Export Of Pakistan'S Financial Year Is Expected To Reach US $10 Billion.

According to the Pakistan daily news, the latest report of the Pakistan national bank indicates that textile exports are expected to reach US $10 billion in the financial year, despite the global recession, the war on terror, the shortage of cotton yarn and the energy crisis.

Data show that in the first 11 months of this fiscal year (July 2009 to May 2010), the export of Pakistan textiles was US $9 billion 220 million, an increase of 2.7% over the same period last year.

Among them, the textile exports in the first 9 months grew by more than 8%, but then the euro zone economic turmoil caused by the Greek debt crisis led to the international market price decline. In 2010, textile export growth slowed down in May and May, and exports fell to 893 million and 841 million US dollars respectively.

From the product category, in the first 11 months of the fiscal year, the export of raw cotton was US $207 million, an increase of 107% compared with the same period last year. Cotton exports amounted to US $1 billion 140 million, an increase of US $907 million over the same period (China is the main importing country), knitted apparel and garments exports 862 million US dollars, a year-on-year decrease of 53.66%, and bedding exports 1 billion 480 million US dollars, an increase of 6.47% over the same period.