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Pakistan’s exports of textile commodities witnessed an increase of 2.92 per cent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year.
As economies around the globe have remained under intense pressure owing to the COVID-19 pandemic, the Pakistani economy is showing encouraging signs of a promising recovery with improved economic indicators.
India’s share in global exports of otton yarn shrunk 600 basis points to 23 per cent in calendar year 2020 (CY2020) from 29 per cent in CY2015, while in readymade garments (RMG), its share has stagnated at 3-4 per cent over the past decade.
India’s merchandise exports in July 2021 rose to $35.43 billion, higher by 49.85 per cent on a year-on-year basis, official data showed. Exports during July 2020 stood at $23.64 billion.