Despite all the adversities faced by the Pakistani textile sector, the sector has come out triumphs in the first nine months of current fiscal year, by posting trail blazing profits.
The textile industry registered a 122 percent year-on-year profitability growth in the period, while net revenues too shot up by 47 percent to touch Rs 333 billion.
All the three segments of the textile industry; spinning, weaving and composite witnessed a surge in their revenue as well as profits.
In the same period, exports from the textile and clothing sector touched $9.9 billion, up a scintillating 30 percent.
The profits could have been even better, if the sector had not to depend on costly fuel, due to the frequent electricity and gas outages, which dragged down margins, said an expert.
Fibre2fashion News Desk - India
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