Home / Knowledge / News / Apparel/Garments / Hosiery exporters affected by outstanding claims
Hosiery exporters affected by outstanding claims
Jun '10
Surplus amount of funds of the hosiery exporters gets wedged owing to delay in the release of payments, thereby, suffering huge crisis, claimed Chairman of the Pakistan Apparel Forum, Jawed Bilwani.

Bilwani further mentioned that, the State Bank of Pakistan is now operating on the lines of Customs and Sales Tax Department and that, agents too have changed their attitude. For instance, exporters, who are in good terms with agents witness a speedy release of their claims, whereas, those who do not communicate with such agents, have to wait for an indefinite time period for the release of their payments.

Several exporters have lodged complaints with respect to the additional expenditure gained due to paying such agents, which they feel is wrong, considering the increasing problems that the value-added textile exporters are encountering, owing to huge quantities of their funds getting blocked in the State Bank of Pakistan, while fighting to survive in the international market, averred Bilwani.

According to Bilwani, rigid competition from neighbouring nations, lack of duty free access in EU and US, unpleasant factors faced in the country such as recurrent cut in electricity, high rate of utilities, unavailability of cotton yarn and its increasing prices and the fading law and order scenario, are probably unseen by the State Bank of Pakistan, owing to which there is unwanted delay and stoppage of genuine claims made by the exporters of the value added textile sector.

All these uncalled for situations have made it difficult for the exporters to keep pace of their production for exports and make timely delivery of the export orders.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eric Scholler

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search