Rise in textile exports is an evidence of better growth prospect of the sector. Textile items export registered 18.4 percent growth in FY 2005-06 as compared to modest growth of 4.4 percent last year.
Textile products are broadly divided into two categories, low value added and high value added and both the categories have registered healthy growth.
Under low value added category, exports of products such as cotton yarn grew 35.2 percent and cotton fabrics exports rose 15.5 percent during the period as against minus 4 percent and 9.3 percent growth in the same period of last year, respectively.
While in high value added group bed-wear registered 46.5 percent gain and readymade garments 27 percent growth during the period under consideration compared to growth of minus 0.3 percent and 6.7 percent in the same period of last year
Pakistan has the better growth prospect compared to its competitor India, which is facing anti-dumping duty imposed by the EU.
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