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Huge garment import hampers economic balance - Experts
10 Oct '08
1 min read
Pakistan has always been seen as the key exporter of textile and garment. However, insiders reveal that due to international economic recession and internal problems, the situation of the domestic industry is getting worse by the day.
Consequently, the import of ready-made garment (RMG) was significant this year, with 370 containers worth US $300 million. Mainly, the products came from Thailand, China, India, among other countries.
Recent statistics show that man-made fibre (MMF) industry, has also increased the import of raw material in the recent times.
Experts say that growing imports are only going to add to the, already existing, huge trade deficit. They stressed that the Government needed to take steps to control imports and establish a reasonable balance in the economy.
Consequently, the import of ready-made garment (RMG) was significant this year, with 370 containers worth US $300 million. Mainly, the products came from Thailand, China, India, among other countries.
Recent statistics show that man-made fibre (MMF) industry, has also increased the import of raw material in the recent times.
Experts say that growing imports are only going to add to the, already existing, huge trade deficit. They stressed that the Government needed to take steps to control imports and establish a reasonable balance in the economy.
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