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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


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