Tag: Textile Exports
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Textile manufacturers unhappy as government policy threatens 18 billion dollar export sector
Textile exporters expressed great displeasure over the government’s decision to stop the supply of natural gas to their power plants. Islamabad’s decision puts the USD 18 billion textile export industry at risk by leaving it to function on the national power grid. While the motivations are not entirely clear, experts believe that by cutting the…
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Pakistan aiming for $25 billion textile exports in this fiscal year
Dr Gohar Ejaz, the Caretaker Federal Minister for Commerce, Industries, and Production, has set a bigger target of achieving $25 billion in textile exports for the current fiscal year, a substantial increase from the $16 billion target of the previous year.
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Pakistan’s export market takes a hit: Textile group exports down 14.83% in January
Pakistan’s textile group exports have taken a hit with an 8.17% decline during the first seven months of fiscal year 2022-23, according to data released by the Pakistan Bureau of Statistics. The data further reveals that cotton yarn and rice exports have also declined, while the country’s overall exports for the same period have decreased…