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Committee formed by Pakistan govt to end declining trend in textile exports

Related Keywords: Commerce Minister Khurram Dastgir Khan, constitued committee, declining trend in textile exports, electricity tariffs, hurdles faced by textile industry, increase textile exports, mitigate the issue of electricity provision, PAP, Policy action plan, rising cost of production, small taxes on textile value chain

Commerce Minister Khurram Dastgir Khan finally admitting that there are some other reasons for declining trend in the country’s textile exports on Wednesday constituted a committee to bring about a Policy Action Plan (PAP) to put right the hurdles faced by the textile industry in increasing its exports.

The committee will be presenting its recommendations in the next month, which would then be forwarded to the prime minister for swift decisions in order to reverse the declining trend in Pakistani exports.

Bangladesh home textile sector faces negative growth in first 2 month of FY2014-15

Related Keywords: Bangladesh home textile, Bangladesh Textile Mills Association, bed-sheets, bedcovers, BFTI, cost competitiveness, cushion covers, EPB, GSP facility for Pakistan, Local currency appreciation, negative growth, Pillow covers, political turmoil, raw cotton, rising cost of production, yarn

Bangladesh home textile sector faces negative growth during the first two months of the current fiscal year 2014-15. The major factors which count for blocking the growth of country’s potential home textile exports are European Union GSP facility for Pakistan, appreciation of the local currency against the US dollar and recent political turmoil.

According to Jahangir Alamin, President of Bangladesh Textile Mills Association, Bangladeshi-made home textiles are lagging behind Pakistan in terms of cost-competitiveness, one of the major causes of setback.

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