“The textile exports for December 2010 showed a
month on month increase of 15.47% at $1.174 billion and a YOY increase
of about 42.65% at $823.583 million. ..Cotton cloth exports
recorded an impressive 30.63% increase while raw cotton increased by
13.91% (other than cotton yarn), knitwear by 24.07%, towels by 7.23 %
and readymade garments by 34.99 %. ..Bed wear exports rose by 16.01 %, art, silk and synthetic textile by 69.68 % and made up articles by 21.48%. ..Exports of other textile products surged by 47.73 %. ..Country’s overall exports surpassed $2.12 billion mark, a surge of 35% which is a record in Pakistan’s 63-year history. ..Recently
India introduced an export curb on 1 million cotton bales to Pakistan
to save its domestic textile industry from price surge in cotton yarn,
but later on offered to lift it when a commodity war between both
nations ensued. ..Pakistan tuned itself into a retaliatory mode
and blocked land bound onion movement to India on grounds that it had
done it to tame domestic inflation. ..However the blockade was imposed only on land bound onion and not on sea bound. ..The
textile industry in Pakistan received a body blow when India decided to
block exports and Pakistani move to block onions added to inflation in
India, a stark contrast worth looking at. ..Pakistan Foreign
Minister Shah Mahmood Qureshi had taken up the matter with India at the
instance of textile industry in Pakistan. ”
Date:1/23/2011
Source:www.yarnsandfibers.com