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Major exports register increase

Major exports register increase

KARACHI: Cotton products, pharmaceutical and leather goods have registered a significant increase during the past five months.

All Pakistan Textile Mills Association’s former chairman Mohsin Aziz has said that this year the country’s cotton production was likely to be around 10-15 percent higher as compared to last year. High cotton production, relatively higher prices in the international market as well as a shrinking spinning industry in China had played an important role in boosting Pakistani exports, he added. He was optimistic that the country’s value added cotton exports would further increase as the European Union (EU) parliament had given Pakistan a GSP plus status.

Pakistan Pharmaceutical Manufacturing Association Secretary General Khwaja Javed Akbar has said that despite facing a number of issues, PPMA was able to export drugs worth $200 million to Sri Lanka, Vietnam, Afghanistan and Korea.

Pakistan Tanners Association (PTA) former chairman Agha Saiddain has said that during past three months, leather exports had registered an increase of 11.43 percent as total exports of leather products rose to $407.5 million against $365 million in the same period last year.