Related Keywords: duty on local textile products, GSP Plus status, increase global textile share, incumbent regime allowing Indian yarn imports at 5 percent, Pakistan losing opportunity, Pakistani market a dumping ground, Pakistani yarn exported to India pay 28 percent duty, rise in exports, rising cost of doing business and energy shortage
Pakistan has lost an opportunity for increasing the global textile share, which in turn would have created thousands of jobs and a rise in exports worth billions of dollars. The Pakistani global textile share has fallen from 2.2% to 1.8%, while at the same time, the Indian global textile share rose from 3.4% to 4.7% and that the Bangladeshi global textile share rose from 1.9% to 3.3%.
