Pakistan Textile Exports Are Resisting (Country Report)
31 October 2008 - Pakistan's textile and clothing exporters surprisingly rose in September thanks to strong sales of cotton fabrics, knit apparel and towels. Exports of cotton yarns, woven clothing and bed linen remained relatively weak, however. The country is confronted with a severe energy crisis resulting in power shortages and surging production costs. The sharp decline in the rupee is however offering some more price competitiveness to domestic exporters, at least in the short term.
Comments