Home / Knowledge / News / Textiles / Global slowdown causes decline in Pakistani textile exports
Global slowdown causes decline in Pakistani textile exports
28
Nov '11
Global economic slump has led to a decline in demand for Pakistani textile items in overseas markets, which has resulted in a fall in the country's textile shipments in October 2011.

According to the Ministry of Textile Industry (MinTex), global recession is reducing the purchasing power of people, particularly of those in Europe, which is hit by Eurozone crisis, and this has impacted Pakistan's textile exports, which depicted a downtrend during the month of October, compared to the corresponding period of last year.

As per the provisional data released by the Federal Board of Statistics (FBS), exports during the month dropped by 13.51 percent. However, when the overall exports for the initial four months of the current fiscal are taken into consideration, it portrays a 3.29 percent year-on-year rise in exports.

The drop in textile exports in October, to some extent, is also attributable to gas and power crisis faced by the domestic textile industry.

With a view to boost the exports of the domestic textile industry, the Ministry is surveying new world markets, with a particular focus on Africa, where no quota restrictions apply on Pakistani products.

The MinTex is encouraging the export of more value-added textiles, rather than the export of unfinished goods.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Binoy Ravjani
Hero's Fashion

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

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Paolo Ocleppo
Sandvik Hyperion

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

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

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

Silvia Venturini Fendi
Fendi s.r.l

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

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...

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:
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