KARACHI: Pakistan’s textile and clothing exports recorded 9.47 percent year-on-year decline to $1.088 billion in March 2019, taking the nine-month (July-March FY19) exports to $9.99 billion, as higher cost of doing business and economic uncertainty kept the industry under pressure.
KARACHI: Prime Minister’s Adviser on Commerce Abdul Razak Dawood on Thursday said that a commerce policy for five years will be announced by the government in coming days, ARY News reported.
China is an important trading partner for India with imports of $65 billion and exports of $15 billion in the period April 2018 to February 2019, recording an all-time high in exports and sharp decline in imports from China.
India’s textiles and apparels exports for the fiscal 2019 just grew 1.66% to $35.969 billion as compared to $35.381 billion in the previous fiscal, mainly due to a sharp drop in the shipment of apparels.
Mumbai: The Indian rupee Tuesday lost another 18 paise to close at 69.60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices.
The exports sector performed well even when global growth is crumbling, said exporters association FIEO on Monday.