Pakistan's textile industry has long been a cornerstone of its economy, and recent figures released by the Pakistan Bureau of Statistics (PBS) underscore its continued significance. During the first nine months of the current financial year (2023-24), textile exports brought in a substantial $12.44 billion for the nation. Despite a marginal decline of 0.25 percent compared to the same period last year, the sector remains a vital contributor to Pakistan's export revenue.
Pakistan's textile sector, a cornerstone of the country's economy, witnessed a modest growth in exports during March, despite facing several challenges. According to data released by the Pakistan Bureau of Statistics (PBS), textile exports recorded a meager increase of 3.29 percent to $1.299 billion in March compared to the same period last year. However, on a month-on-month basis, exports dipped by 7.67 percent, reflecting the volatility and complexities within the industry.
Uzbekistan’s textile industry stands at a critical juncture, poised for growth but facing significant challenges that hinder its full potential. President Shavkat Mirziyoyev’s recent government meeting highlighted both the achievements and obstacles encountered by the industry, shedding light on the path forward for sustainable development.
China's textile sector is demonstrating robust growth, with major firms reporting impressive profits in the first two months of 2024. Official data reveals that the total profits of leading textile enterprises surged to 18.2 billion yuan, equivalent to approximately $2.56 billion USD during this period.
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