Home / Knowledge / News / Textiles / KCCI urges President to save the crumbling textile sector
KCCI urges President to save the crumbling textile sector
11
Sep '08
Karachi Chamber of Commerce and Industry (KCCI), urged Asif Ali Zardari, the newly elected President of Pakistan to hold a meeting of the stakeholders for discussing the reasons for the downfall that is being marketed in exports.

There is dissatisfaction among the people related to the textile industry because the Government has hiked the tariffs of gas and electricity up to 31 percent. Such rise is bound to increase the price of commodities that, in turn will badly affect the entire chain, which can come to a halt.

Already the sector is finding it difficult to fight against the tough competition being posed by global competitors. Industrialists opine that unless trade surplus is created nothing can happen. It can only be done when the authorities can solve problems at an early stage itself, before they take a magnanimous shape.

Experts believe that, the issue needs to be addressed immediately as textile sector is the major industry of the nation and contributes nearly 60 percent to the total export earnings. If this industry suffers its impact will be felt all over. More than 42 percent of population is associated with textile industry, and if entrepreneurs are forced to pull the shutters down, it will create massive unemployment.

Industry insiders suggest, Pakistan should also adopt healthy policies the way Bangladesh has done, in order to once again strengthen its vital sectors.


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

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

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

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

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Ashok Desai
Bombay Textile Research Association

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

Eamonn Tighe
Nature Works LLC

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

Marten Alkhagen
Swerea IVF AB

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

Madhu Jain
Madhu Jain

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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