Home / Knowledge / News / Textiles / APTMA chairman concerned over drop in textile exports
APTMA chairman concerned over drop in textile exports
24
Jan '12
Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has expressed concerns over drop in exports of textile quantity worth $305 million in December 2011 comparing with the corresponding period.

He said unprecedented energy shortage was prime reason behind the substantial drop in exports.

According to him, the situation may be alarming further in the month of January, as the textile industry in Punjab is denied electricity and gas supplies since December 25 till date.

He said the textile exports were 40% down in December 2011 in quantity terms. In November 2011, textile exports were also 32% down in quantity terms, he added.

It may be noted that exports of cotton yarn, cotton cloth, yarn other than cotton yarn, knitwear, bed wear and towel are declined by 23%, 26%, 44%, 38%, 33% and 8% respectively in the month of December 2011, causing a loss of $305 million loss to the exports.

Chairman APTMA said traditionally the textile industry was crossing $1 billion mark exports monthly but it is becoming impossible since last three months

He said the APTMA is repeatedly showing concerns over the situation, but unfortunately all of its hue and cry was falling on deaf ears of the policy makers. He deplored that the government was not addressing the reasons behind the drop in exports.

Mohsin said the government policymakers were not serious in resolving gas supply issue of the textile industry. Instead, he lamented that the available gas is being supplied to the unproductive sectors and segments, causing a loss in terms of foreign exchange.

He said the situation is becoming unbearable for industry and a constant inefficiency was plaguing the viability of production units. The textile industry is heading towards disaster due to non-availability of energy, he added.

He said the textile industry has lost $1 billion exports in first half of current fiscal and is likely to lose another $2 billion in second half of it. This drop on exports would have dire impact on economy with already under pressure current account balance and Pak rupee value.

He said the industry was committed to achieve $16 billion exports during current fiscal it would not be able to achieve more than $12 billion exports if energy crisis persists.

Mohsin further said the interest rate is also highly unaffordable, causing negative impact on industry.

He said the textile industry is a premier industry of Pakistan earning foreign exchange and providing jobs to millions of workers.

Chairman APTMA had urged the President and Prime Minister to take stock of the situation and ensure smooth supply of electricity and gas to textile industry immediately to avoid further loss of exports.

All Pakistan Textile Mills Association (APTMA)

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Silke Brand-Kirsch
Schlegel und Partner

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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