Related Keywords: Pakistan textile export
Pakistan textile exports to the European Union (EU) are projected to rise by up to $1billion a year after the GSP status, effective from January 1, 2014; however it is yet to record any significant increase. It’s textile exports remained $1.097 billion in January 2014 against $1.059 billion export in January last year, a measly 3.6 percent increase.
Despite the grant of Generalized System of Preferences (GSP) Plus status by the European Union, the textile export has failed to pick up momentum due to several challenges mainly shortage of energy.
