Home / Knowledge / News / Textiles / PTEA urges govt to take steps to boost textile exports
PTEA urges govt to take steps to boost textile exports
24
Sep '15
Pakistan Textile Exporters Association's (PTEA) new Chairman Sheikh Asghar Ali has said capital stuck with the Federal Board of Revenue (FBR), energy crisis and lack of competitive edge over regional competitors have resulted in the country's foreign exchange earnings taking a hit, Pakistani newspapers have reported.

Pakistan's exports have virtually remained stagnant since 2010-11 and have barely crossed the $25-billion mark. As the government's reliance continues to be on loans, grants and borrowing, export revenue has remained on the backburner with most textile exporters blaming lack of favourable policies as the core reason.

“Devising a strategy to tackle these issues is important not just for increasing industrial pace but also to save the livelihood of the industry's workforce running in to millions,” said Ali, during the association's annual general meeting in Faisalabad.

Ali said exports were under pressure due to economic, financial and industrial crisis prevalent in the country coupled with high production costs, tax burden, energy crisis and lack of working capital.

“Exporters' money worth billions of rupees is stuck with government departments in sales tax, special excise duty and customs rebate regime creating liquidity crunch, hampering the export growth and turnover,” he said.

Pakistani textile exporters have been raising these issues regularly, but so far their grievances have not been addressed properly. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
April 2017

April 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