Pakistan’s decision to loosen pandemic restrictions early has helped the country's exports emerge stronger than its South Asian peers, like India & Bengladesh, Bloomberg reported.
Outbound shipments have grown at a faster pace than Bangladesh and India in textiles sector, which account for half of the total export, connected with to the recovery, data show. Islamabad saw total shipments grow 7 percent in September, compared with New Delhi’s 6 percent and Dhaka’s 3.5 percent.
Pakistan's Prime Minister Imran Khan decided wisely and was the first in the region to ease pandemic lockdown restrictions, allowing export units to reopen in April, a month after locking them down to stem the spread of Covid-19. That’s helped draw companies from Guess Inc., Hugo Boss AG, Target Corp. and Hanesbrands Inc. to the South Asian nation, according to people familiar with the matter, who requested anonymity since details about buyers is private.
“Pakistan has seen orders shifting from multiple nations including China, India and Bangladesh,” said Shahid Sattar, secretary general at the All Pakistan Textile Mills Association. “Garment manufacturers are operating near maximum capacity and many can’t take any orders for the next six months.”
Executives from Nishat Mills and Interloop Ltd., one of the world’s largest manufacturers of socks that counts Nike Inc. and Adidas AG among its clients, said they have seen some orders diverted to them from China. Meanwhile, Gadoon Textile Mills Ltd. has received orders redirected from Bangladesh, the world’s second-largest apparel exporter, and India, the third-largest textile exporter.
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