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Textile exports declined by 7.72 percent: minister

Fayyaz Hussain
10:38 PM | 15 Jun, 2016
Textile exports declined by 7.72 percent: minister
ISLAMABAD (Web Desk) Minister for Commerce Khurram Dastigir Khan said the country’s textile exports had witnessed the negative growth of 7.72 percent during the first 10 months of the current fiscal year on Wednesday.

According to details, he said that exports during July-April (2015-16) were recorded at $10.395 billion compared to $ 11.265 billion in the last financial year.

He was responding to a calling attention notice moved by Muhammad Atteeq Shaikh in the Senate.

He said the textile products that contributed to the shrinking of the textile trade, included cotton yarn, exports of which dropped by 32 percent from $1.590 billion last year to $1.081 billion this year.

He said cotton production had decreased this year due to the absence of timely rains. 

The cotton clothes export, he said, had increased by 4 percent; however, a decline was reported in the value of cotton products.

 

Fayyaz Hussain

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Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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