Home / Knowledge / News / Textiles / Pak Senate body worried over declining textile exports
Pak Senate body worried over declining textile exports
26
Oct '15
Chairman of Pakistan's Senate Standing Committee on Textile, Senator Mohsin Aziz has expressed concern over declining textile export of the country and asked the government to take pragmatic measures to overcome the situation, according to media reports.

“The Government should be worried about the declining of textile exports of the country,” Aziz said in a press statement. He said that “given the GSP+ status granted by EU states, the Pakistani government should have ensured that the country's exports' increased by at least $2 billion whereas the exports are actually below the level of 2009-10.”

The chairman said the textile exports have shown a sharp decline and even compared to last year's figure which was not satisfactory and this year's drop of 14 per cent is very alarming.

Aziz hailed the government's recent step of announcing a 10 per cent import duty on yarn, saying this would stop the dumping of Indian yarn and clothes and improve local sales.

The Chairman echoed views of textile producers and exporters saying that high cost of business especially due to high electricity and gas prices have rendered Pakistani textile exports uncompetitive in the world market and forced the closure of mills which have rendered thousands of workers jobless.

The Pakistan Tehreei-e-Insaf Senator said that there is dire need to reduce gas prices and also Gas Infrastructure Development Cess (GIDC), which has been increased by around 40 per cent, leaving the textile industry on the verge of collapse.

He regretted that the government has not taken into consideration the recommendations proposed by textile committee to improve the current situation.

Aziz's concerns are almost identical to that of the APTMA which has been voicing its concerns regularly. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Giorgio Mantovani
Corman S.p.A

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

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

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
January 2017

January 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