Related Keywords: called for investigating the matter, contributed to the decline in exports, Decline in export of cotton cloth, despite enjoying cheaper electricity, determine actual consumption of cotton yarn, exchange rate issues, gas, not justrifiable, outdated technology, shift in demand patterns, Textile mills, weakening global commodity prices
In a meeting of the Economic Coordination Committee (ECC) held on December 31, 2015, Finance Secretary Waqar Masood Khan commented that decline in the export of cotton cloth despite enjoying cheaper electricity and gas was not justifiable and called for investigating the matter in order to determine the actual consumption of cotton yarn by the textile mills.
Finance Minister and ECC Chairman Ishaq Dar also suggested further analysis of the data to find out the actual reasons and factors responsible for the drop in exports.
