Pakistan's Denim Exports to US Soared 62% in First Six Months of 2021

Pakistan exported $38 million worth of denim clothing to the United States in July, 2021. This figure represents 140% growth over July, 2020. Mexico's denim exports grew 58% while those of Bangladesh grew 24% in this period, according to the US Office of Textiles and Apparel. 

US Denim Apparel Imports. Source: US Office of Textiles and Apparel

Among the top Asian suppliers, Pakistan's exports to US jumped 62.16% year to date to $188.94 million. Bangladesh’s exports increased 42.82% to $362.38 million in this period while shipments from China were up 13.28% to $192.49 million. 

Pakistan’s textiles and clothing exports are expected to rise in the coming months as the US moves orders out of China and other neighboring Asian countries. The focus on more value addition and new textile policy of the country will support the organic growth in exports. The depreciation of PKR has also boosted textile exports.

The monthly average of apparel exports from Pakistan was $565.60 million in H1 2021, which is expected to rise by 13.44% in H2 2021 to reach $641.60 million, according to a report in Fiber2Fashion. The US, the UK, Germany, Spain and France were the top importers of Pakistani apparel in H1 and accounted for approximately 68.27% of total apparel exports of the country, according to Fibre2Fashion’s market analysis tool TexPro.

Pakistan's textile and garment exports jumped 22.94% to reach $15.4 billion in Fiscal Year 2020-21 (July 2020-June 2021), according to data from Pakistan Bureau of Statistics.  At the same time, the country's technology exports surged 47% to set a new record of $2.12 billion for the last fiscal year that ended in June 2021. Pharmaceutical exports also saw 25.3% growth to $241 million in the first 11months of FY 2021, indicating Pakistan's export diversification with higher value added goods and services. 
Pakistan Textile/Apparel Exports. Source: Arif Habib Ltd
Pakistan Textile Exports FY 2006-2021. Source: APTMA

Overall, Pakistan's exports of goods for fiscal 2020-21 rose 13.7% to $25.63 billion. The nation's service exports increased 9.2% to $5.93 billion in fiscal 2021. Combined exports of goods and services added up to $31.56 billion in July 2020 to June 2021 period. 

Pakistan Tech Exports. Source: Arif Habib Ltd. 


Imports grew 23.2%, much faster than exports as the economy recovered from the COVID-induced slump, widening the trade gap in the process. Energy demand drove imports of oil and gas to new highs. 

Pakistan Current Account Balance. Source: Arif Habib Ltd. 

During the last two fiscal years,  Karachi has accounted for 51% of Pakistan’s exports, Lahore came in 2nd with 18%, Faisalabad 3rd with 12% and Sialkot 4th with 8.5%. 

Pakistan's Exports by Cities. Source: FBR

Record inflow of nearly $30 billion in remittances from overseas Pakistanis helped reduce the current account deficit to $1.85 billion in FY 2020-21. It's down 58.4% from $4.45 billion in FY 2019-20. 

Overseas Pakistanis' remittances represent 10% of the country's gross domestic product (GDP). This money helps the nation cope with its perennial current account deficits. It also provides a lifeline for millions of Pakistani families who use the money to pay for food, education, healthcare and housing. This results in an increase in stimulus spending that has a multiplier effect in terms of employment in service industries ranging from retail sales to restaurants and entertainment. 

Over 10 million Pakistanis are currently working/living overseas, according to the Bureau of Emigration. Before the COVID19 pandemic hit in 2020,  more than 600,000 Pakistanis left the country to work overseas in 2019. The average yearly outflow of Pakistani workers to OECD countries (mainly UK and US) and the Middle East has been over half a million in the last decade. 

 
Pakistan ranks 6th among the top worker remittance recipient countries in the world.  India and China rank first and second, followed by Mexico 3rd, the Philippines 4th, Egypt 5th and Pakistan 6th.  
 
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Comment by Riaz Haq on November 30, 2021 at 4:50pm

China to bolster textile sector
Cooperation in cotton industry providing possibilities for textiles


https://tribune.com.pk/story/2330653/china-to-bolster-textile-sector


XINJIANG:
If you walk into a clothing store in any shopping mall in a major Chinese city – whether it is an international or a local brand – “Country of Origin: Pakistan” hang tag is not uncommon.

Especially in the jeans wear section, these high-quality Pakistani products are increasingly popular with Chinese consumers.

According to the Pakistani government, the textile industry contributes nearly 60% to the country’s total exports. Denim fabric, as one of Pakistan’s main garment products exported to the world, occupies a pivotal position in its garment industry chain.

According to the Pakistan Bureau of Statistics (PBS), exports of denim fabric from Pakistan reached Rs96.92 billion during the year 2017-18, a commendable performance of the denim sector.

However, whether it is jeans wear or other garment products, the impact of recent global cotton prices and other factors cannot be ignored.

Pakistani industrialists argue that the textile and garment industry of the country faces a series of challenges, including low production of cotton and difficulty in obtaining financing for new facilities.

Cotton industry: China-Pakistan cooperation

Pakistan, one of the world’s largest cotton producers, is finding it increasingly hard to meet its own needs.

“Last year, we had to import more than 50% of cotton,” said Sapphire Fibre Executive Director Muhammad Abdullah. Low production and quality force the local industry to choose imports.

“So far, the domestic consumption of cotton is 14 million bales. Nevertheless, Pakistan only harvested 5.6 million bales of cotton in the last season,” he said.

“As far as I am concerned, the seed of high quality must be the top priority. Unless we can increase the yield per unit area, the demand cannot be met,” he added.

The idea of Muhammad Abdullah was echoed by Central Cotton Research Institute Director Zahid Mehmood. “Under CPEC, we hope to see the plan between China and Pakistan in cottonseed cooperation soon,” he said.

Regarding this, Xinjiang Agricultural University Deputy Dean Chen Quanjia introduced further planning during an interview with China Economic Net.

“Local high temperature-resistant cotton varieties in Pakistan are of great use to us,” Quanjia said. “In Xinjiang, the heat resistance of cottonseed is particularly indispensable when facing the extreme high temperature. At the same time, our high-yielding cotton varieties are also needed for Pakistani farmers,” he said.

Recently, international cotton futures have remained high, and China’s domestic cotton futures prices have also risen simultaneously.

According to a survey conducted by the China Cotton Association, the country’s cotton planting area this year has dropped year-on-year, but due to favourable weather conditions, the total output remains relatively stable.

It is expected to be 5.83 million tons, down 1.5% year-on-year. Improving cotton production to maintain the stability of the futures market will be a problem, demanding prompt solutions from China and Pakistan.

Besides, the impurity, which is caused by 100% manual picking, also worsens the dilemma of Pakistan cotton.

Sapphire Fibre cotton field supervisor Kamran Razaq said that the impurity content of imported cotton is 4.5%, while the counterpart in Pakistan cotton is 8-9%, which is well below the criteria of textile mills.

Accordingly, Xinjiang Agricultural University and University of Agriculture Faisalabad (UAF) have set up experimental fields in Faisalabad and plan to test mechanical picking in Pakistan.

“In north Xinjiang, one of the biggest cotton areas in China, the mechanisation can reach 90%. We use machine picking everywhere so as to decrease the impurities,” Chen Quanjia said, adding that in future, China’s advanced cotton pickers can play a role in Pakistan as well.

Comment by Riaz Haq on May 18, 2022 at 5:11pm

Top 10 Denim Fabric Exporters in the World in 2019 – The Textile Think Tank

https://thetextilethinktank.org/top-10-denim-fabric-exporters-in-th...

Top 10 denim fabric exporters in the world are: China, Pakistan, India, Turkey, Hong Kong, USA, Italy, Egypt, Japan and Mexico. Pakistan in the second largest exporter of denim fabrics in the world, followed by China. Pakistan’s denim fabric exports were worth US$587 million in 2019. Pakistan could have earned three times more than this figure by having these exports in the form of denim jeans garments instead of the less value-added fabric.


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APTMA Chairman dubs PTI’s ousting as cruel - Global Village Space

https://www.globalvillagespace.com/aptma-chairman-dubs-ptis-ousting...

Separately he (Hamid Zaman) added that the policies introduced by financial institutions during the tenure of the PTI-led government provided a very enabling environment for the businesses. It is pertinent to mention that last year $5 billion of expansion was made in the textile sector.

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Textile Machinery Imports in Pakistan in 2021 – The Textile Think Tank

https://thetextilethinktank.org/textile-machinery-imports-in-pakist...

Textile Machinery Imports in Pakistan in 2021
Dr. Tanveer Hussain January 21, 2022
Textile machinery imports in Pakistan increased from around US$435 Million in 2020 to US$792 Million in 2021. This reflects around 82% increase from the previous year. This indicates capacity expansion as well as technology upgradation in the Pakistan Textile Industry.

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Pakistan posts highest monthly textile exports of $1.74bn in April


https://mettisglobal.news/pakistan-posts-highest-monthly-textile-ex...



May 16, 2022 (MLN): The country has witnessed the highest ever monthly exports of $1.739 bn during April 2022, up by 31% YoY and 7% MoM, the latest data released by the Pakistan Bureau of Statistics (PBS) showed.

During the ten months (July-April) of the current fiscal year, textile exports posted a growth of 26% YoY to $15.98bn when compared to $12.69 recorded in 10MFY21.

The year-on-year increase in exports is due to strong demand in the West before the summer season, while other factors include the resumption of economic activity, which has led to a shortage of various retail brands, competitive utilities and borrowing rates.

In the value-added segment, knitwear, readymade garments, bed-wear, and towels registered an upsurge of 44%, 44%, 16%, and 28%, YoY to $488mn, $351mn, $279mn and $108mn during April 2022 compared to the same month last year.

Meanwhile, the country exported food commodities worth $524mn during April 2022, registering a jump of 35.7% YoY or 2.2% MoM.

Commodity-wise, rice remained the primary source of foreign exchange earnings during the review period as its exports were valued at $259.6mn, up by 37% YoY. While the export of fish & fish preparations declined by 16.4% YoY to stand at $40mn.

The export value of meat and meat preparations clocked in at $35.6mn, up by 10.3% YoY.

In April 2022, the export of petroleum products posted a growth of 53.6% to $45.2mn. It was mainly led by exports of petroleum crude, standing at $38.5mn, depicting a growth of 81% YoY.

Going into details made available by PBS, the other manufactures group observed a 23.8% YoY increase during the period to $366mn. Under this group, the trade value of sports goods stood at $36mn, up by 21.5% YoY. The country earned $51.54mn through the export of leather manufactures, marking a growth of 26% YoY.

The exports of chemical and pharmaceutical products witnessed an increase of 42.7% to value at $153mn during April 2022. The major chunk of exports under the chemical and pharma group during the said period was mainly from the other chemicals and plastic materials which clocked in at $92.7mn and $35.4mn, showing significant growth of 35.6% YoY and 83% YoY.

Comment by Riaz Haq on May 18, 2022 at 5:14pm

The Denim Industry's 'Best-Kept Secret' | BoF - The Business ...

This period marked the first time that Pakistan had exported more denim apparel ($275.89 million) to the US than China ($274.63 million). Business is also looking up in the EU. A 2021 CBI report shows that Pakistan's share of denim exports to that market roughly doubled between 2015 and 2020.

https://www.businessoffashion.com/articles/global-markets/the-denim...

Comment by Riaz Haq on December 14, 2022 at 7:08pm

Workplace safety accord extended to Pakistan

https://www.dawn.com/news/1726412/workplace-safety-accord-extended-...

KARACHI: A comprehensive Workplace Safety Programme (WSP) is being launched in Pakistan by the signatories to the International Accord for Health and Safety in the Textile and Garment Industry, a move that will support the country to boost its textile sector.

The programme will cover Pakistan’s garments and textile suppliers, helping the country improve the industry like that of Bangladesh and other signatories to the accord.

The decision to expand the programme to Pakistan was announced during a signatory brand caucus meeting held on Wednesday in Amsterdam. Brands will receive an information package on the Pakistan Accord and will be invited to sign it on Jan 16, 2023, said a press release issued here on Wednesday.

“I am pleased to see the International Accord signatories reach an agreement to establish a WSP covering the signatories’ garment and textile suppliers in Pakistan. We are committed to working closely with Pakistani stakeholders to ensure our collective efforts are beneficial to the industry and its workers,” said Joris Oldenziel, Executive Director of International Accord Foundation.

The programme aims to incrementally cover more than 500 factories producing for over 100 accord signatory companies throughout Sindh and Punjab, where most of Pakistan’s $20 billion in garment and textile exports are manufactured annually.

The International Accord has undertaken extensive engagement in Pakistan with federal ministries and provincial governments, industry associations, suppliers, trade unions and civil society organisations.

The Pakistan Accord covers Cut-Make-Trim (CMT) facilities cover ready-made garment (RMG), home textile, fabric and knit accessories suppliers (including vertically integrated facilities). Fabric mills within the supply chains of the signatories are also covered, with implementation scheduled for a later stage in the programme.

The successful experience in Bangladesh prompted the signatories to expand the workplace safety programme to at least one other textile and garment-producing country. Through signatory surveys, extensive research, and local stakeholder consultations, the Accord Secretariat assessed the feasibility of expanding based on key factors. Pakistan emerged as a priority country, in part because of its importance as a garment and textile sourcing country for the accord brands.

The Pakistan Accord programmes will be implemented in phases, in close collaboration with these key stakeholders and through the establishment of a national governance body.

The new Pakistan Accord on Health and Safety in the Textile and Garment Industry is a legally binding agreement between global unions, IndustriALL and UNI Global Union, and garment brands and retailers for an interim term of three years starting from 2023.

Building on widespread safety improvements in Bangladesh, the Pakistan Accord includes all key International Accord features — independent safety inspections to address identified fire, electrical, structural and boiler hazards, monitoring and supporting remediation, safety comm­ittee training and worker safety awareness programme, an independent complaints mechanism, a commitment to broad transparency, and local capacity-building to enhance a culture of health and safety in the industry.

Comment by Riaz Haq on January 3, 2023 at 8:02am

Karachi retail markets pay 47% of all retail sales taxes in the country, according to the FBR data reviewed by PIDE economists Idrees Khawaja and Ahmad Waqar Qasim.

https://pide.org.pk/research/new-directory-shows-cities-in-pakistan...

The markets of Karachi generated almost half of the income tax paid by Pakistan’s major markets (Rs. 97 billion – 47 percent). This is despite the limitations of a poor law and order situation and not-so-good civic infrastructure that Karachi has faced for decades; imagine the trading volume and therefore the taxes, if the city is unconstrained. The markets of Lahore and Islamabad pay respectively 20.0% and 19.3% of the total tax collected from the major markets of Pakistan. Karachi-Saddar alone generates an income tax of Rs. 77 billion – 79 percent of the total income tax paid by the markets of Karachi. Even more surprising is the fact that out of Rs. 40.5 billion paid by the markets of Islamabad Rs 39.9 billion (98.5 percent) is paid by the ‘Blue Area market’ alone. These figures give an idea: economic activity occurs in dense and easily accessible markets. Those familiar with these two cities also know that the two markets are easily accessible and dense. The tax directory also gives the number of filers in each market. The average income tax per filer or per entrepreneur in the markets of Karachi is Rs. 0.91 million, while the income tax paid per filer or entrepreneur in the markets of Islamabad is around Rs. 5.0 billion. If, whatever profit the income tax of Rs. 0.91 million reflects, is normal profit and is enough for an entrepreneur to survive in business then clearly the entrepreneurs of Islamabad are reaping excessive profit. Why aren’t more entrepreneurs rushing to get a slice of the fairly large profits which entrepreneurs of Islamabad (especially those doing business in the “Blue Area”) seem to enjoy? The answer could be hidden in Islamabad’s limited retail space: Limited space has made property too expensive in the city. Expensive property represents a barrier to entry. Overcoming this barrier requires a significant capital investment. Peshawar’s Karkhano Market, which is the largest Bara market in the country, generates an income tax of Rs. 5.3 billion. Markets specifically named Bara markets in other cities collectively generate income taxes of Rs. 60 billion. The markets called landa bazzar and kabari market collectively generate Rs. 353 billion. The lesson from these figures is that the informal sector contributes to the economy, so let it exist. Rawalpindi, which has a population of 5.41 million, its markets pay an income tax of Rs. 2.82 billion. On the other hand, Multan, with a lesser population of 4.75 million, its markets pay income taxes of Rs. 6.67 billion (Rs. 3.82 billion more than Rawalpindi). One explanation could be that Multan being the largest and most developed city in South Punjab, its residents mainly shop in Multan. On the other hand, residents of Rawalpindi and various other parts of the country appear to be shopping in Islamabad. These inferences carry worth pondering implications for city development. On corporate front, a total of 44,609 companies filed tax returns paying income tax of Rs. 497 million. 55% of companies paid no tax and 20% paid less than one lac Rupees as income tax. Out of over 44,000 thousand filers, 81% of the total income tax paid by the corporate sector came from just 600 companies. Top 5 tax-paying companies contributed Rs. 60 billion. The 542 companies listed on stock exchange generated income tax of Rs. 198 billion – 98 pc of this came from 150 companies. Out of the 542 listed companies, 147 (27 pc) companies paid no tax. The textile sector with 153 listed companies is the largest sector in terms of number of companies. Ironically, the sector contributes only 3.2% of the total income tax collected on the stock market.

Comment by Riaz Haq on January 3, 2023 at 8:04am

Karachi’s Saddar, Jodia Bazaar pay more tax than Lahore, Islamabad markets
Enough generated to pay for its infrastructure, facilities

https://www.samaaenglish.tv/news/2132341


Karachi paid more than Rs98 billion if we only focus on the income tax paid by its markets for fiscal year 2017-18. This figure does not include any sales tax, corporate taxes, salaried individual taxes, or federal duties that may have been charged. This is simply the income tax paid by various markets in the city on the income they generated during this timeframe. And so, this income tax from Karachi’s markets and retailers was 2.3 times what was paid in Lahore, and 2.4 times what was paid in Islamabad.

If we disaggregate further, Saddar in Karachi was the largest income tax paying market in the country, dishing out more than Rs77 billion in taxes. Just two major markets in Karachi, Saddar and Jodia Bazaar, paid more taxes than Lahore and Islamabad's markets combined.

Comment by Riaz Haq on April 25, 2023 at 7:39am

LEVI’S URGED TO SIGN PAKISTAN ACCORD: ‘WE REALLY NEED BRANDS TO STEP UP’


https://sourcingjournal.com/denim/denim-brands/levis-protest-times-...

With the 10th anniversary of the Rana Plaza building collapse that killed more than 1,100 garment industry workers in Bangladesh and maimed scores of others serving as a backdrop, labor and human rights activists took to Times Square on Friday to protest U.S. denim giant Levi’s, which has refused to sign the Pakistan Accord addressing safety in the garment sector.

To date, 49 apparel companies have signed the Accord, a binding, three-year agreement empowering independent safety investigators to inspect more than 300 Pakistani manufacturing facilities and guarantee certain health and safety provisions for workers. Another 52,000 individuals have signed a petition asking Levi’s to sign on as well.

“We really need brands to step up because the conditions we saw in Rana Plaza 10 years ago are very similar to the conditions we see today in Pakistan,” Ayesha Barenblat, founder and CEO of Remake, one of several organizations on hand for the Friday demonstration, told Sourcing Journal. “We just haven’t seen enough leadership from American brands, and Levi’s claims to be a sustainable brand that has a big presence in Pakistan and Bangladesh.”

Friday’s demonstration featured bullhorn speeches reminding passersby of times when U.S. factory workers were subject to the same dangers and substandard conditions that many in places like Bangladesh and Pakistan are today. Prior to that, protestors stood with signs in front of the Levi’s store and four of them lay on the ground covered in white shrouds to represent the four workers who died after breathing in toxic fumes at the Artistic Milliners denim factory in Karachi, Pakistan in January 2022. Meanwhile, activist leaders Khalid Mahmood from the Labor Education Foundation of Pakistan and Nazma Akter, founder of the Bangladeshi Awaj Foundation, tried to enter the storefront, they said, to personally deliver a letter to Levi’s management, but were turned away by store employees and police. Ultimately, event organizers said, the store manager agreed to pass the letter on to corporate offices.

Comment by Riaz Haq on April 25, 2023 at 7:44am

Denim jeans Exports from Pakistan


https://www.volza.com/p/denim-jeans/export/export-from-pakistan/


Overview
As per Volza’s Pakistan Export data, Denim jeans export shipments from Pakistan stood at 53.2K, exported by 555 Pakistan Exporters to 1,778 Buyers.
Pakistan exports most of it's Denim jeans to United States, United Kingdom and Spainand is the largest exporter of Denim jeans in the World.
The top 3 exporters of Denim jeans are Pakistan with 53,224 shipments followed by Turkey with 42,958 and India at the 3rd spot with 22,942 shipments.
Top 3 Product Categories of Denim jeans Exports from Pakistan are
HSN Code 62032200 : 62032200
HSN Code 620462 : 620462
HSN Code 62034200 : 62034200
These facts are updated till 22 March 2023, and are based on Volza's Pakistan Export data of Denim jeans, sourced from 70 countries export import shipments with names of buyers, suppliers, top decision maker's contact information like phone, email and LinkedIn profiles.

Comment by Riaz Haq on April 25, 2023 at 7:48am

Denim exports to US surge
Moinul Haque


https://www.newagebd.net/article/189011/denim-exports-to-us-surge

Of the total $3.62 billion of the US denim import in January-October of 2022, Bangladesh’s share was 23.16 per cent, the data showed.

The data showed that Mexico remained as the second-largest apparel exporter in the US market while Pakistan and Vietnam occupied the third and the fourth highest positions respectively.

Once the biggest denim exporters, China scored the fifth position in the US market.

Denim apparel imports by the US from Mexico in the 10 months of 2022 increased by 19.06 per cent to $637.91 million from $535.76 million in the same period of the past year.

Pakistan’s denim exports to the US market in the January-October period of 2022 grew by 34.80 per cent to $419.12 million from $310.90 million in the same period of the previous year.

Denim garment imports by the US from Vietnam in the 10 months of 2022 increased by 18.85 per cent to $383.32 million from $322.53 million in the same period of 2021.

The import of denim apparel by the US from China in January-October 2022 fell by 3.78 per cent to $312.92 million from $325.23 million in the same period of 2021, the data showed.

Denim apparel imports by the US from India in the 10 months of 2022 increased by 71.62 per cent to $62.20 million from $36.24 million in the same period of the previous year.

Comment by Riaz Haq on July 14, 2023 at 1:30pm

Cotton Production Expected To Cross 10 Million Bales

https://propakistani.pk/2023/07/12/cotton-production-expected-to-cr...


Cotton exports season is on a promising start with the ginning industry confirming early orders for 600 tons.

Chairman of the Cotton Ginners Forum Ihsanul Haq revealed that a major cotton ginner from Sindh has been able to confirm early orders for cotton exports of up to 600 tons to Indonesia and Vietnam with shipments scheduled in early August.

He explained that if the weather remains favorable, Pakistan’s cotton production is expected to cross 10 million bales in the upcoming year which is a sign of relief for the textile sector and reflects the potential of the cotton industry.


Though, Ihsanul Haq added that the delayed procurement by ginners is also increasing cotton prices with Rs. 17,500 per 40kg in Sindh and Rs. 17,000 per 40kg in Punjab while the dollar exchange rate fluctuation may further impact the prices in the coming days.

It is worth noting that cotton quality and quantity have improved significantly over the last year due to an ideal environment of low rainfall and warm temperatures in coastal Sindh. Because of this, the industry has confirmed early orders and is expecting record-breaking exports

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