Home / Knowledge / News / Textiles / Textile Ministry caught napping as exports plunge
Textile Ministry caught napping as exports plunge
27
Oct '09
The Federal Government of Pakistan despite declaring the first ever textile policy and which was expected to provide an impetus to the distressed textile sector has been caught napping as exports from the industry, in the period July-September, have fallen by 11.43 percent.

The textile industry is the highest export revenue generator from the country along with also being the biggest employer among all industrial sectors of the country.

Cotton prices have hit the roof in recent days as exports are surging from the sector. The increase in prices is worrying the textile industry, as this has the potential to hit margins very badly and in turn exports could also get affected if they are not able to meet buyer's demands with concern to prices.

The July-September period is the first quarter of the new fiscal year and in the period, exports of cotton fabrics has fallen by 35 percent, bedwear 15 percent, knitwear 13 per cent, tents and canvas 33 per cent and overall the sector experienced a decline of 11.4 per cent.

Cotton production in the current season is not expected to cross 12 million bales, while the textile industry consumes around 15-16 million bales, which means a shortfall of 3-4 million bales. Unrestricted raw cotton exports could aggravate the issue further, say experts.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search