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

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler

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

Robert Brunner

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


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