Pakistan’s textile exports dropped 16.1 per cent to $1.002 billion in July 2018 compared to shipments recorded in June, which stood at $1.194 billion.
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The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has signed an MoU with Ecommerce Gateway Pakistan, a leading trade fair organiser, to attract foreign investment worth $375 million into textile sector.
Islamabad Chamber of Small Traders (IST) has lauded the decision of the Pakistan Government to provide Rs15 billion to the textile sector under the PM’s package.
Pakistan has lost its textile export share in global market by 23 per cent from 2.2 per cent to 1.7 per cent raising questions on economic and trade policies of government functionaries, unfolds the latest presentation on restoration of viability and growth of textile industry prepared by the All Pakistan Textile Mills Association (APTMA).
Pakistan?s textile and clothing exports rose 6.2 per cent year-on-year to $1.064 billion in March 2017, mainly driven by value-added products such as garments, the Pakistan Bureau of Statistics said.
The Faisalabad Chamber of Commerce and Industry (FCCI) has blamed the government policies for the textile industry’s decline in the country.
The European Union (EU), which has provided Pakistan GSP Plus status, has proposed to work on a a five-year strategic partnership with that country.