Home / Knowledge / News / Apparel/Garments / Apparel export target set for 2012-15 unachievable: PRGMEA
Apparel export target set for 2012-15 unachievable: PRGMEA
13
Feb '13
The ambitious textile and apparel export target of US$ 95 billion set by the Government under the recently announced Strategic Trade Policy Framework (SPTF) 2012-15 is unachievable, Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Central Chairman Sajid Saleem Minhas has said.
 
Pakistan’s textile and garment exports would be required to achieve US$ 32 billion per year or a 20 percent year-on-year growth for the next three years to meet the set target. Even assuming that the Government settles all energy crisis and law and order related issues, the textile and clothing sector would still not be able to achieve the target due to inherent weaknesses of the country’s economy, he said.
 
Mr. Minhas said the SPTF would result in creation of new governmental regulatory bodies to help the industry stakeholders to help them boost exports, which would, in fact, further add to the troubles of the industry. 
 
Although the share of new sectors is increasing in Pakistan’s exports, it is mainly due to the decline in exports of textiles and garments, Mr. Minhas said.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search