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Related Keywords: cotton yarn, delay in disbursement, downward trend, European Union, export of knitwear, export refund claims, exports declined, GSP, ICST, international market, Islamabad Chamber of Small Traders, largest foreign exchange earning sector, Pakistan textile exports, Preferential market access, raw cotton, shortage of electricity, textile owners

Pakistan’s textile exports, the largest foreign exchange earning sector is facing a downward trend by 12.11 percent in the current year. Exports have declined to $8363 billion this year. Although the country is reaping the benefits of GSP, it has shown bleak performance in the export sector over which the Islamabad Chamber of Small Traders (ICST) on Sunday expressed deep concern and terming it unacceptable.

Related Keywords: cotton cloth, cotton yarn, during july to December, exports declined, Knitwear garments, minor improvement, nine percent decline, Pakistan textile exports, raw cotton, Ready-made garments and towels, slightly increased, small segments

The Pakistani textile exports showed around 9 percent decline during July-December 2015 as compared to same period of previous year. Textile exports continue to decline except a minor improvement in some of the small segments, sources revealed.

Raw cotton exports were 72 million during July December 2015, as compared to 114 million in previous year, a decline of 37 percent and cotton yarn declined 30 percent as its exports in second half of 2015 dropped to 698 million from 992 million in 2014.

Related Keywords: apply for NOC, exports declined, import of finished good jumped up, imported raw jute, Indian jute industry, jute yarn, not be used to manufacture sacks, Office of Jute Commissioner, protect domestic jute industry, register jute unit, unable to scale up production, used for packaging, utlilize by reserved sector

The Indian jute industry has been unable to scale up production or export of jute goods. The country's imports of finished goods have jumped up 24 percent, while exports have declined by 22 percent during April-January period of 2014-15. The government to protect the domestic jute industry has announced that that imported raw jute and jute yarn will not be used in the manufacturing of sacks which are used for packaging of commodities in the reserved sector, a notice from the office of the Jute Commissioner stated.