Export of Towel from Pakistan

3020 WordsJan 6, 201313 Pages
INTRODUCTION The export of towel from Pakistan to other countries is not generating much revenue but it has some importance as Pakistan ranks with India and China among the world’s leading towel manufacturers. The towel export business is specially a good one for Karachi-based producers, bringing Pakistan $300 million each year from sales to the United States alone. It is also good for urban Pakistanis seeking factory work According to the Towel Manufacturers Association of Pakistan (TMA), the manufacture of nine tons of towels—enough to fill a standard 20x20x8-foot shipping container puts 485 Pakistani men and women to work. However a closer look finds that other countries trade policies especially America’s trade policy is not…show more content…
And the more important thing is that the towel exports topped the list of textile manufactures by registering 23.5 percent growth in value During FY10, despite the imposition of countervailing duties by the US Commerce Department. A 6.2 percent decline in per-unit prices was more than offset by a marked improvement in the Export volume (US$ 62.0 million), resulting in a net gain of US$ 46.1 million in export earnings. Export Receipts of Towel from Jan 2008 to Aug 2010 (Thousand US Dollar) 2008 | | Jan | 32,749 | Feb | 36,567 | Mar | 38,553 | April | 38,261 | May | 47,823 | June | 36,949 | July | 44,770 | Aug | 47,615 | Sep | 51,040 | Oct | 54,869 | Nov | 48,587 | Dec | 46,208 | 2009 | | Jan | 39,346 | Feb | 43,584 | Mar | 41,960 | April | 36,192 | May | 42,944 Continued…. | June | 49,476 | July | 48,081 | Aug | 45,444 | Sep | 45,596 | Oct | 49,518 | Nov | 43,366 | Dec | 55,268 | 2010 | | Jan | 46,564 | Feb | 48,925 | Mar | 53,008 | April | 58,303 | May | 55,721 | June | 53,074 | July | 48,737 | Aug | 51,045 | The above table shows the total export receipts of towel from other countries, if you notice from the Jan 2008 receipts are fluctuating normally in the starting of the year but in Oct it increase a little more handsomely which is 54,869 but after that it is decreased in the end of the year and in the beginning of 2009
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