Home / Knowledge / News / Textiles / Pak value-added textile sector forewarns of cotton crisis
Pak value-added textile sector forewarns of cotton crisis
07
Jun '12
Apprehending a yarn crisis in the country, the value-added textile sector of Pakistan has called on the government to build a buffer stock of over four million bales of cotton.

Exporters, producers and exporters of value-added textiles were quite disappointed with Budget 2012-13, as the government fell short of allocating adequate funds for the textile industry.

Pakistan Readymade Garments Manufacturers and Exporters Association, (PRGMEA), Chief Co-ordinator, Ijaz Khokhar said apparel exports from the country have been badly hit by gas and power crisis.

He noted that while cotton is being sold at 68 cents per pound in international market, in Pakistan it is priced at about US$ 1 per pound, which is quite higher and rather unviable price for producers of value-added textile producers.

He said that while fresh cotton stocks are expected to arrive in market this month, it is also necessary that the million of bales that have been squirreled away by the hoarders are released urgently, to fully meet the demand of the local apparel sector.

Under its budgetary proposals, the sector had urged the government to build buffer stocks of over four million bales of cotton, to ensure adequate availability of cotton in domestic market at reasonable prices. However, disappointingly the government did not incorporate any of the proposals in the budget, he added.

Mr. Khokhar said that the country is grappling against difficulties like severe power and gas crisis and pricey inputs including cotton and yarn, which is negatively impacting the textile manufacturing industry.

Meanwhile, several producers have stopped accepting new orders, mainly for the Christmas and New Year seasons, as they are still struggling to execute their overseas consignments that are overdue, he added.

Fibre2fashion News Desk - India


Must ReadView All

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Apparel/Garments | On 18th Nov 2017

Sri Lanka’s apparel exports rise after EU GSP+ reinstatement

Sri Lanka’s apparel exports from January to September 2017 has...

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Apparel/Garments | On 18th Nov 2017

Bangladesh plans 2 leather estates in Rajshahi, Chittagong

Bangladesh Prime Minister Sheikh Hasina has said two more leather...

ASEAN, Hong Kong sign free trade agreement

Textiles | On 18th Nov 2017

ASEAN, Hong Kong sign free trade agreement

The Association of Southeast Asian Nations (ASEAN) and Hong Kong...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Top executives
Textile industry, India

The event should be organised every year

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Anupam Arya

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sanjukta Dutta
Sanjukta's Studio

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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