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

Surat textile traders urge PM to analyse impact of GST

Textiles | On 28th May 2018

Surat textile traders urge PM to analyse impact of GST

Textile traders from the man-made fabric hub of Surat have urged...

Karnataka garment workers seek minimum wage hike

Apparel/Garments | On 28th May 2018

Karnataka garment workers seek minimum wage hike

Garment workers in Karnataka are demanding that the newly formed HD...

Amazon debuts on Fortune 500 top 10 list

Apparel/Garments | On 28th May 2018

Amazon debuts on Fortune 500 top 10 list

American e-marketplace Amazon has cracked Fortune 500’s top 10 list...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Amit Jain
Shingora Textiles Ltd

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

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Rupa Sood and Sharan Apparao
Nayaab

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

Madhu Jain
Madhu Jain

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search