ISLAMABAD - Pakistan textile exports have started showing positive signs, as average monthly export of the sector during first three months of the current fiscal year reached $823 million as against the $770 million monthly average during the corresponding period of the previous fiscal year. According to the Ministry of Textiles spokesman, besides increase in export of raw cotton and yarn, some value added sectors like knitwear and hosiery also showed the rising trend during the said period. He hoped the trend would continue in coming months, as entrepreneurs in all sub-sectors were reporting increasing orders and full capacity utilisation. The rising orders for textile machinery also indicated the positive signs in the sector, he added. The spokesman attributed this to the first-ever textile policy announced by the government, which included initiatives like mark support of 2.5% in export refinancing, 5 per cent support in all long-term loans of the industry, drawback of local taxes and levies, reimbursement of regulatory costs of EOBI and social security for women and handicapped employees of textile sector and duty free imports of textile machinery. He said the monthly average export of the textile sector had declined from $900 million to $770 million during last nine months of the previous fiscal year as a result of low demand due to the global financial crisis.