The rupee had closed at Rs158.31 on Tuesday, according to the State Bank of Pakistan (SBP). Accordingly, the overall imports remained stagnant. Similarly, the overall exports remained flat in the four months as the crisis in cotton production resulted in reduced exports of cotton and yarn. It was offset by a notable growth in value-added textile exports including knitwear, bed linen and readymade garments. “This should attract higher value for value-added goods in export markets and create new job opportunities in the national economy,” he added.

Source: The Express Tribune November 19, 2020 03:22 UTC