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Related Keywords: boost exports, Export Policy, GSP Plus facility, IWCCI, largest employment providing sector, largest foreign exchange earning sector, Pakistan textile exports, plunged in july, raise concern over all in textile exports

Pakistan’s textile exports, which is the largest foreign exchange earning sector of the country has plunged to $982.6 million in July as compared to $1.02 billion in July last year, concern is raised over the fall in textile exports as it is the largest employment providing sector outside agriculture by Islamabad Women Chamber of Commerce and Industry (IWCCI).

It called for immediate attention as the fall of textile sector will damage overall economy and hit forex reserves.

Related Keywords: boost textile and clothin sector, Custom rebates, DLTL, for next five years, GSP Plus facility, introduce special gas and electricity tariff, of exporters, Pakistan textile policy, PRGMEA, sales tax rebate, to release all stuck up claims, urged government

Muhammad Naseer Malik, Vice Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) appreciating the government of Pakistan for announcing an ambitious Textile Policy for next five year 2014-19 has urged the government that all stuck up claims of the exporters including DLTL, Custom Rebates, Sales Tax Rebate etc need to be released within a month.

Related Keywords: China and Japan, chinese market, eco-friendly Green Garment Factory., EU market, government target, GSP Plus facility, in export revenue, sign free trade agreement, Sri Lanka apparel sourcing association, Sri Lanka Chamber of Garment exporters, Sri Lanka garment exporters

Sri Lanka Chamber of Garment Exporters (SLCGE) and its partner Sri Lanka Apparel Sourcing Association (SLASA) expressed confidence of achieving this year’s government target of USD five billion in export revenue.

Related Keywords: GSP Plus facility, Pakistan textile export, Pakistan textile exporters association, Pakistan textile industry, Policymakers, Sheikh Ilyas Mahmood

Pakistan textile exports recorded a 2.37% decline in July over the same month of the previous fiscal year and a month-on-month drop of 7.89% in July alone. Power crisis was the major reason for the decline in exports as 50% of the industry’s production capacity took a hit due to the lack of energy supply.

Textile exports has witnessed and it is likely that the export numbers in the coming months might get even uglier as the textile industry in Punjab has remained deprived of fuel, as per Sheikh Ilyas Mahmood, the PTEA chairman