IWCCI: Falling textile exports raise concerns

ISLAMABAD: Islamabad Women Chamber of Commerce and Industry (IWCCI) expressed concern over fall in textile exports, which is the largest foreign exchange earning sector of the country. Textile exports fell to $982.6 million in July as compared to $1.02 billion in July last year, which has raised concerns as it is the largest employment providing sector outside agriculture, said IWCCI Standing Committee on Trade and Industry Chairperson Tabassum Anwar. She said that textile exports continue to slide despite GSP plus facility, Export Policy, which claimed to boost exports to $35 billion dollars by 2018 and Textile Policy 2015.  Many textile units have scaled down their capacity and millers are forced to get costly loans from banks to keep their business running and honour commitments due to refunds stuck up since years, said Anwar.

Published in The Express Tribune, August 24^th, 2016.

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