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Related Keywords: data showed the readymade garments sector, Exports of value-added product, Exports of towels fell, GSP Plus scheme, Knitwear, only bright spot, over corresponding month a year ago, Pakistan Bureau of Statistics, posted negative growth, showing an increase of twenty four percent, textile and clothing exports

Textile and clothing exports stood at $1.21bn in June, showing an increase of 24pc over the corresponding month a year ago. As per Pakistan Bureau of Statistics (PBS) reports on Thursday, these exports posted a paltry growth of 0.04 percent to $12.45 billion in 2016-17. Data showed the readymade garments sector was the only bright spot.

Its exports grew 6pc year-on-year to $2.31bn in 2016-17. Garment exports witnessed a growth of 6.13pc in terms of quantity. These exports also posted a growth of over 20pc in June.

Related Keywords: duty-free access to the EU, EU markets, Exports of towels and bedding, fastest growing clothing supplier over a period of ten years, GSP Plus scheme, Pakistan a clear advantage, Pakistani textile and clothing exports, surged, with grant of preferential access

Pakistani textile and clothing exports to Europe have surged since it was granted preferential access to EU markets. Preferential access has been provided to Pakistan in the form of the EU’s GSP+ scheme, according to the latest issue of Textile Outlook International from the global business information company Textiles Intelligence.

Related Keywords: bedwear, cotton cloth, energy shortage, GSP Plus scheme, lack of working capital, madeups, Pakistan textile export, plunge in december, PTEA, towels, value added items

Pakistan textile exports witnessed plunge of 6.38 percent in December 2014 despite the availability of GSP Plus scheme. The major factors behind the substantial drop in exports are energy shortage and lack of working capital.

According to the Pakistan Textile Exporters Association (PTEA) details, the country exported textile goods worth $1.175 billion in December against exports of $1.255 billion in the same month of previous year.

Value-added items also recorded a negative growth as cotton cloth exports declined by 13.62%, bed wear 11.54%, towels 11.39% and made-ups 10.04%.

Related Keywords: Abbas Khan Afridi, Economic Coordination Committee, Federal textile board, GSP Plus scheme, MINTEX, multi-pronged strategy, Pakistan Central Cotton Committee, Pakistan textile policy, textile business community, textile cess, textile exports

The Secretary Ministry of Textile Industry (MINTEX) at the first meeting of Federal Textile Board held on Monday after its reconstitution in July 2014 chairing by Minister for Textile Industry Abbas Khan Afridi announced that the Pakistan’s textile policy would be presented in the next Economic Coordination Committee (ECC) of the Cabinet meeting also restructuring of Pakistan Central Cotton Committee (PCCC) was also on cards.

Related Keywords: FBR, garment export, GSP Plus scheme, liquidity crunch, Pakistan exporter, Pakistan garment sector, refund claims

Pakistan garment sector that exports more than 80 per cent of their merchandise, are facing liquidity crunch due to its huge capital stuck-up by the FBR. Although the FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters refund of over Rs10 billion is stuck by the FBR.