Home / Knowledge / News / Apparel/Garments / Pak garment exporters demand textile package
Pak garment exporters demand textile package
14
Dec '15
Expressing concern over dwindling returns and closing units in Pakistan, the country's largest forex earner, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has said the inordinate delay in announcement of the much trumpeted Textile Package is hitting them hard.

The current scenario is extremely worrying for the precious foreign-exchange earning industries and the ever increasing cost of utilities and inputs is causing closure of many units across the country, Arshad Aziz, acting Chairman of PRGMEA)said in a statement in Karachi.

The sector, which was the biggest foreign exchange earning sector, once grossing $4 to $5 billion before the PPP regime, is expected to earn less than two billion dollars during current fiscal year,” the media quoted Aziz as saying in the statement.

He said it was a shame that countries like Bangladesh that imported cotton yarn from Pakistan, earned $ 15 million by exporting garments, while competitors like Sri Lanka, Vietnam and India grossed even more from their garments exports.

“Textile Package delay has created further unemployment and closure of many units, which could not survive due to funds stuck up… with no package announced to compete with rival countries which have given incentives to their exporters.. We are neither able to increase our exports nor sustain and have in fact lost our market share to the competitors,” Arshad said.

“The incentives to the exporters, which had increased their export under Generalised System of Preferences (GSP) plus facility by the European Union, was facing hardships due to stuck up capital with the government to the tune of billions of rupees and rendered us unable to exploit this opportunity,” he added. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


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