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

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Silke Brand-Kirsch
Schlegel und Partner

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

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Yash P. Kotak
Bombay Hemp Company

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

Sonam & Paras Modi
SVA

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

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

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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