Home / Knowledge / News / Textiles / Reduce imports & lift exports, advice experts to SMEs

Reduce imports & lift exports, advice experts to SMEs

03
Nov '08
The textile industry of Pakistan has been facing increasing problems due to international financial crunch, internal inflation and inadequate power supply, causing serious damage to the industry. Experts believe that if aggressive steps are not taken soon to remedy the situation, industry will be ruined.

In an effort to help avoid this catastrophe, Union of Small and Medium Enterprises (UNISAME) has provided some valuable advice to the SMEs.

The Union said that this is the perfect time to set up import substitution and export oriented industries as imports have become very costly and exports will fetch more rupees, considering the difference between Dollar and Rupee values.

President Zulfikar Thaver of UNISAME sent an urgent request to the Small and Medium Enterprises Development Authority (SMEDA), urging the authority to prepare a list of imported items which can be manufactured in Pakistan.

He said that assistance from Engineering Development Board (EDB), Pakistan Council of Scientific and Industrial Research (PCSIR) and foreign collaborations can also be arranged for this purpose.

President further stressed that many chemicals, footwear, apparel and related products are being imported from various countries, but can be manufactured in Pakistan if proper technical guidance is made available to the manufacturers.

He assured the businesses that most of the banks are on sound footings and are capable of aiding the companies financially. State Bank of Pakistan (SBP) will also back them completely.

Reportedly, banks are opting to fund SMEs as they are easier to handle and is yet a large and profitable sector.

Finally, he encouraged the SMEs to revamp their manufacturing processes and administration and accept this challenge, which will definitely open doors to a brighter future.


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 29th Oct 2020

Bangladesh restored 40% of cancelled RMG orders: minister

Bangladesh foreign minister AK Abdul Momen recently said the...

Pic: Shutterstock

Textiles | On 29th Oct 2020

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry...

Pic: Shutterstock

Textiles | On 29th Oct 2020

PRC unofficially boycotts Australian cotton, imports halt

All cotton exports by Australia to China have reportedly stopped...

Interviews View All

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives, Textile industry

Top executives
Textile industry

The new deal is better than NAFTA for the US textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

P V Kadole,

P V Kadole

Nine co-operative organisations from Ichalkaranji came together to form an ...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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

Leave your Comments


October 2020

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


Advanced Search