Exports of Pakistan to the United Kingdom (UK) has increased by 22% and crossed one billion dollars in six months, despite the Covid-19 pandemic crisis.
According to the press release issued by Pakistan’s High Commission in London on Wednesday, while giving an inaugural address at Pakistan’s first international virtual textile expo in 2021, the High Commissioner Moazzam Ahmad Khan said that Pakistan’s exports to the United Kingdom (UK) increased by 22% and touched the historic mark of one billion dollars during the first half of current financial year (2020-21), despite the Covid 19 pandemic.
Pakistan’s first international virtual textile expo in 2021 was held on 1 February, was organized by the Trade Development Authority of Pakistan (TDAP) in collaboration with the Economic and Trade Wing London. The expo was held in order to create awareness about the potential of the Pakistani textile sector, the demand in the UK market and to connect buyers and sellers through this virtual platform.
Virtual Expo is a one-stop sourcing event for household garments, ready-made garments and clothing, high-quality fashion clothing, materials and personal protective equipment (PPE) amidst Covid-19 challenge.
The webinar was attended by around 100 leading businessmen from Pakistan and the United Kingdom.
During the event, High Commissioner said that the textile sector of the country accounts for about 60% of the total exports in Pakistan, he added that the country is included in one of the countries worldwide that houses the entire value chain of textile products.
He further said that the country’s exports to the UK market enjoyed tax, free access, leading to exponential growth in textile exports, reflecting an upward trajectory in trade relations between Pakistan and the UK.
Meanwhile, Saeed Khilji, chairman of the Leicester Textile Manufacturing Association and
Me. Faryal Sadiq, Vice President Sales and Marketing, Interlope highlighted the emerging demand for Pakistan’s wide range of textiles and clothing products in the UK market.