1. In a
meeting with the delegation of APTPMA, President of Pakistan Dr.
Arif Alvi said that the textile sector was contributing 60% in
Pakistan’s total exports and 40% in industrial employment. The
president also appreciated the role being played by the private
sector in the economic development of the country.
Pak-China FTA revision will likely be beneficial in increasing
textile exports given that there is finally duty-free access for
Pakistan’s exports in key segments much like ASEAN countries.
3. Rs. 44
billion to the local textile industry under Prime Minister
Exports Enhancement Package to enhance the country’s exports.
Pakistan Textile Exporters Association (PTEA) has expressed
grave concern over the sluggish growth in exports as unending
export downfall has continued unabated. The high cost of
production, competitiveness, inconsistency in government
policies and uncompetitive energy prices have contributed to
this crisis situation.
5. The All
Pakistan Textile Mills Association (APTMA) Chairman Syed Ali
Ahsan has said that a competitive and viable domestic textile
industry is in the larger interest of the textile sector across
the value chain.
of textile machinery in Pakistan decreased from the US $556.83
million in 2016-17 to only US$ 325.05 million in 2017-18, thus
showing a decline of 42%. Declining textile exports due to a
high cost of production and the inability to adapt to evolving
international consumer trends.
exports for March-19 registered a decrease of almost 10% on a
yearly basis which was the lowest monthly number since May-17.
The decrease could be attributed to dismal yarn exports which
fell by 28% on as compared to March-18 mainly due to less demand
from China amidst US trade tensions and good domestic demand.
Readymade garments are one of Pakistan’s top exports but a
number of constraints are inhibiting the sector’s true
potential. A particularly problematic issue is the availability
of skilled labor for garment manufacturing.