{"id":62899,"date":"2020-03-22T10:06:00","date_gmt":"2020-03-22T05:06:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62899"},"modified":"2020-03-20T10:06:48","modified_gmt":"2020-03-20T05:06:48","slug":"pakistans-textile-export-volume-surges-by-17","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-textile-export-volume-surges-by-17.html","title":{"rendered":"Pakistan&#8217;s textile export volume surges by 17%"},"content":{"rendered":"\n<p>Islamabad: The Pakistan Bureau of Statistics (PBS) on Tuesday notified a 17% increase in the export levels of the textile and clothing sector for February \u2013 as compared with last year\u2019s figures for the same month, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-seeks-itfcs-help-to-boost-exports.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pakistan seeks ITFC\u2019s help to boost exports (opens in a new tab)\">Pakistan seeks ITFC\u2019s help to boost exports<\/a><\/p>\n\n\n\n<p>As per the data, the proceeds from textile and clothing exports reached USD 1.27 billion in February, as compared with the sum of USD 1.09 billion gathered in the same month in 2019. The growth ratio experienced in the textile export sector is remarkable as for the last few years is limited to single-digit increase.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/exports-grow-current-account-deficit-falls-in-january.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Exports grow, current account deficit falls in January (opens in a new tab)\">Exports grow, current account deficit falls in January<\/a><\/p>\n\n\n\n<p>The authorities have associated this increase with excessive orders received last month. Moreover, the growth in the exports has also been encouraged by the reduced cost of raw materials and semi-finished products in the last budget, by exempting them from <a href=\"https:\/\/www.zameen.com\/news\/govt-approves-tax-exemptions-gwadar-free-zones-until-2039.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"custom duties (opens in a new tab)\">custom duties<\/a>.<\/p>\n\n\n\n<p>In a related development, the government has announced that it\nwill refund the sales tax collected from the export-oriented sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan Bureau of Statistics (PBS) on Tuesday notified a 17% increase in the export levels of the textile and clothing sector for February \u2013 as compared with last year\u2019s figures for the same month, according to news sources. Read: Pakistan seeks ITFC\u2019s help to boost exports As per the data, the proceeds from textile and clothing exports reached USD 1.27 billion in February, as compared with the sum of USD 1.09 billion gathered in the same month in 2019. The growth ratio experienced in the textile export sector is remarkable as for the last few years is limited to single-digit increase. Read: Exports grow, current account deficit falls in January The authorities have associated this increase with excessive orders received last month. Moreover, the growth in the exports has also been encouraged by the reduced cost of raw materials and semi-finished products in the last budget, by exempting them from custom duties. In a related development, the government has announced that it will refund the sales tax collected from the export-oriented sectors.<\/p>\n","protected":false},"author":75,"featured_media":60548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[23594],"persona":[],"class_list":{"0":"post-62899","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-pakistan-bureau-of-statistics-pbs","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan&#039;s textile export volume surges by 17% - Zameen News<\/title>\n<meta name=\"description\" content=\"Pakistan Bureau of Statistics (PBS) on Tuesday notified a 17% increase in the export levels of the textile and clothing sector\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistans-textile-export-volume-surges-by-17.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan&#039;s textile export volume surges by 17% - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Pakistan Bureau of Statistics (PBS) on Tuesday notified a 17% increase in the export levels of the textile and clothing sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-textile-export-volume-surges-by-17.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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