| US $500 million worth of orders at
Heimtextil Pakistani exhibitors
negotiated export orders worth over $500 million in the Heimtextil,
Frankfurt. Around 170 exhibitors from Pakistan participated in the
world’s largest fair of home textiles and displayed their top-line
home furnishings and textile made-ups. The exhibition recently
concluded proved to be a major selling venue for the Pakistani textile
manufacturers who received trade inquiries during the entire four days
and procured orders from buyers, especially European and US importers.
The Pakistani exhibitors had a little edge over
their arch rivals from China and India as exporters from both the
countries faced difficulties in quoting prices due to various reasons,
Said Arif Elahi, an exhibitor from Faisalabad. He pointed out that due
to the slashing of export rebates by the Chinese Government and
appreciation of yuan has reduced the profitability of the Chinese
manufacturers while the Indian manufacturers faced little hardship due
to the appreciation of their rupee.
Majority of the exhibitors from Pakistan were of
the view that they got very encouraging response from the US and
European buyers but they were a bit reluctant in quoting prices for
the long-term orders due to the uncertainties at home. |