Home / Knowledge / News / Textiles / Pak exports didn't dwindle overnight, says PEW
Pak exports didn't dwindle overnight, says PEW
17
Aug '15
The Pakistan Economy Watch (PEW) has said that the country's exports have not dwindled overnight and expanded the trade gap.

Favouritism, appointments in violation of merit and misuse of export incentives are to blame for the situation. It said the situation will not change unless appointments are made strictly on merit, outdated elements are removed and those behind declining export should be held responsible, Dr Murtaza Mughal, PEW president said in a statement.

He said that increased cost of doing business, energy crisis and non-payment of refunds by the FBR has also played a role in hurting exports. Policymakers are too much focused on textile sector for exports while other sectors and textile value addition have been put on the backburner which is limiting Pakistan's capability to benefit from GSP plus status.

Dr Mughal said Pakistan's textile sector is focused on European market only; they should also try to explore other markets and alter their strategy according to changing scenario.

He asked the government to focus on exports to increase income and avoid indirect taxation, unprecedented taxes on imported fuel, privatization, and loans and grants to change the dismal situation. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
May 2017

May 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