Textile industry advised to focus on value addition
The Commerce Secretary Younis Dagha advised the textile
industry to focus on value addition to compete in the
international market and arrest decline in exports. He said the
cost of doing business is higher in Pakistan compared to
neighbouring countries, but it is not the only hurdle in
exports. Lack of value addition is also a major reason (behind
falling exports), he said in an address at an event hosted by
Pakistan Hosiery Manufacturers and Exporters Association.
“We have not played our role in value addition due to this
industrial production remains lower,” Commerce Secretary said
Indian and Bangladeshi exporters invest in their industries,
while in Pakistan foreign revenue earned from textile exports
goes to stocks and real estate sector. The investors should not
divert textile money to real estate and other sectors.
Dagha said that the work on combined effluent treatment plant
will soon start with the project cost to be borne half each by
Provincial and Federal governments.
He said Pakistan Central Cotton Committee has been handed
over to the private sector, but there has been no improvement in
cotton production since then.
Zubair Motiwala, ex-President of Karachi Chamber of Commerce
and Industry said yarn exports fetch $1.26 billion, but after
value-addition, this amount can go up to $7.5 billion a year.
Jawed Bilwani, Chairman of Pakistan Apparel Forum said
Pakistan’s textile exports are lower than India, Bangladesh and
Vietnam, while costs of production, as well as minimum wages,
are comparatively higher in the country. He said the country
faces a widening trade deficit of more than $32 billion and it
would not prosper if exports are not increased. Exports would
increase when a level-playing field is provided to the