Falling exports: PTEA laments government’s indifference

PTEA Chairman said it had become a herculean task to achieve the target of doubling exports

Our Correspondent April 13, 2016


The continuous decline in exports is alarming and the trend is likely to continue in unless the crisis in the industrial sector is addressed, said Pakistan Textile Exporters Association (PTEA) Chairman Asghar Ali.

Ali pointed out that exports dropped by 9.55% in March, stressing that the government had been warned, but to no avail. “Textile exporters had forewarned the government about the crisis but no steps were taken to rectify the situation; as a result, exports are continuously declining.”

He said it had become a herculean task to achieve the target of doubling exports.

“Over 30% of the working capital has been stuck up in sales tax, customs rebate and income tax refund regime. Consequently, around 30% capacity across the textile value chain has duly been closed,” he added.

Ali said the drop in exports has serious consequences for the economy but the government did not seem keen on addressing the issue.


Published in The Express Tribune, April 14th,  2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.


Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ


Most Read