PRGMEA urges government to declare 'Export Emergency'
Attributing Pakistan’s growing trade deficit to low exports,
the Pakistan Readymade Garments Manufacturers and Exporters
Association (PRGMEA) has urged Prime Minister Imran Khan to
declare an ‘export emergency’ in the country to tackle the
decline in the exports sector. Pakistan’s current account
deficit rose by more than 40% in fiscal 2018-19 to US$ 18
The value-added textile exporters want the government to
formulate separate policies for various sub-sectors to resolve
their sector-specific issues, PRGMEA Senior Vice Chairman Sheikh
Luqman Amin stated. He hoped that the new government would
initiate dialogue with the textile sector representatives to
receive their inputs for policy formulation.
Outstanding refunds, high cost of business, issues of market
access and exchange rate are hindering the country’s exports