Home / Knowledge / News / Textiles / 'Revoke hike in Pak petroleum prices' – PTEA
'Revoke hike in Pak petroleum prices' – PTEA
04
Feb '12
The recent hike in petroleum prices has the Pakistan textile industry up in arms against the decision of the government.

“Petroleum prices have risen by 90 percent in the last four years and coupled with price rise in electricity and gas, manufacturing cost in Pakistan has hiked substantially, making products uncompetitive in global markets”, said the Chairman of Pakistan Textile Exporters Association (PTEA).

“This is an anti-industry decision and also comes at a time when there is a slowdown in global markets, with the potential to wreck the Pakistani economy”, Rana Arif Tauseef said.

He added by saying, “Competitors like India, China and Bangladesh were grabbing markets, which were developed by Pakistani textile exporters”.

He demanded that the government should revoke the decision in the interest of the textile industry and also the overall industrial sector at large.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Silke Brand-Kirsch
Schlegel und Partner

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
June 2017

June 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