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

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Cindy McNaull

We have broad range of options in durable fabrics

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search