Cotton yarn export of Pakistan has increased tremendously, exports increased by 26 percent in 9 months
The demand for cotton yarn is increasing rapidly in almost all the countries involved in the textile industry. As a result, its exports have also increased. According to a reputed news group of Pakistan, the export of cotton yarn has increased by 25.97 percent in the 9 months of the financial year 2021-22 as compared to the previous year. Pakistan exported 293,161 metric tons of cotton yarn between July and March 2020-21, valued at $721.216 million. While this year between July to March 2021-22, cotton yarn worth $908.487 million has been exported from here.
100 percent increase in export of comber
Along with this, 2,752 metric tons of raw cotton worth $6.577 million were also exported in these 9 months, while only 499 metric tons worth $0.0593 million were exported during the same period last year. The export of cotton fabric has also increased in the first quarters of the current financial year. Last year it was 314,562 metric tonnes while this year it has been 342,700 metric tonnes. During the same period, there has been a 100 percent increase in exports of combed yarn. Pakistan has exported 1,211 metric tons this year compared to last year's export of 49 metric tons.
A total of 1.30 lakh hectares will be used for cotton cultivation
It is significant that this time in Kharif season 2022-23, about 11.30 lakh hectares are to be cultivated here. The target of cotton production on 1.822 million hectares of land in Punjab province has been set at 6.600 million bales; Sindh province has a target of 4 million bales on 0.4600 million hectares. Apart from this, production targets for Khyber Pakhtunkhwa and Balochistan have been set at 0.004 and 0.0022 million respectively.
Various programs were being run by the government to promote cotton cultivation in Pakistan. This is the reason why during the first 9 months of the current financial year a growth of 25.97 percent has been observed in the exports of the textile group from Pakistan.
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