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Pakistan’s textile exports, the largest foreign exchange earning sector is facing a downward trend by 12.11 percent in the current year. Exports have declined to $8363 billion this year. Although the country is reaping the benefits of GSP, it has shown bleak performance in the export sector over which the Islamabad Chamber of Small Traders (ICST) on Sunday expressed deep concern and terming it unacceptable.

Related Keywords: barriers to investors, distinctive culture such as hand woven textile, infrastructure of the country, investing cautiously, Japanese businesses, meet artisans, Okutani and the designers, precious than silk, see lotus fabric, shortage of electricity, showing interest in Myanmar, untapped potential, visited Myitkyina

Businesses from Japan are showing interest in Myanmar’s untapped potential and a distinctive culture such as hand woven textiles but are investing cautiously as Myanmar has a range of problems that are barriers to investors. The biggest problem is shortage of electricity. They often suffer from power outages. Another major problem is the vulnerability of the country’s infrastructure such as roads, railways, communications, water supply and sewage systems.

Related Keywords: Danish Company, EU delegation, GSP Plus status, in skill development, meet Punjab Chief Minister, Pakistan textile exports, potential to generate electricity, promotion of cooperation, Shahbaz Sharif, shortage of electricity, strengthening economic and trade relation, to discuss matter of mutual interest

Pakistan has strong and friendly relations with the countries of European Union. A representative delegation of European parliament called on Punjab Chief Minister Shahbaz Sharif on Friday to discussion matters of mutual interest, strengthening of economic and trade relations and promotion of cooperation in skill development, health, education and other sectors.

Shahbaz at the meeting told the EU delegates that Pakistan’s textile exports had increased by one billion dollars after the country was granted GSP Plus status, which has left a positive impact on national economy.