Textile exports rise as exporters warn they could slow down if no corrective measures taken

Pakistan's textile and clothing exports increased by 5.26% in the first quarter of 2026-27, reaching $5.026 billion compared to $4.775 billion in the same period last year, according to figures from the Pakistan Bureau of Statistics. However, the growth was tempered by higher input costs, making exporters less competitive, and external disruptions affecting shipments.

Textile exporters have already cautioned the government that export volumes could decline further in the second quarter unless corrective measures are implemented. Key factors contributing to the slowdown include the suspension of trade with Afghanistan since October 2025 and a drop in Middle Eastern exports due to the ongoing regional conflict, particularly the war in the United Arab Emirates.

Despite the challenges, readymade garment exports saw a significant rise of 15.69% in value and 17.38% in quantity during July-September of the current fiscal year, while knitwear exports increased by 4.14% in value but decreased by 0.46% in quantity. Conversely, bedwear exports saw a marginal decline of 0.07% in value and 0.71% in quantity.

On the flip side, Pakistan's oil import bill surged by 6.50% in the first quarter of 2026-27, reaching $4.02 billion from $3.77 billion a year earlier. The rise in imports was primarily driven by a 23.10% increase in crude oil value, coupled with a 6.87% decrease in quantity, indicating higher international oil prices.