Textile Briefs National


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.

2.  The 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.

4.  The 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.

6.  Import 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.

7.  Textile 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.

8.  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.

 

 
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