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
