textile export reached 26-month high of $1.64 billion in August 2024
Pakistani textile firms are seeing a surge in export orders from global buyers due to rising costs and political instability in competitor Bangladesh, coupled with international restrictions on China.
This has propelled the industry’s exports to a 26-month high of $1.64 billion in August 2024, marking a significant 13% year-on-year increase.
JS Global Research Analyst Shagufta Irshad, in her report titled “Textiles: Recovery in Cotton and Value-Added Product Prices,” noted that Bangladesh’s political unrest and rising costs, along with restrictions on China, have shifted global clothing importers toward alternative markets such as Pakistan, India, and Vietnam.
Interloop Limited (ILP), a prominent listed textile company, is expected to benefit from improved margins due to the recovery in export prices, decline in input costs, and increased value-addition in knitwear, especially socks.
