Forecast: ‘Textile exports likely to rise by 45%’
Aptma predicts exports of $20 billion, up from the current level of $13.8 billion.
KARACHI:
Textile and clothing exports during the current financial year are likely to rise by 45% against the previous fiscal year, according to All Pakistan Textile Mills Association (Aptma) estimates. Aptma predicts exports of $20 billion, up from the current level of $13.8 billion. “We are expecting a record domestic cotton crop of 16 million bales this year. If the average cotton price remains as low as $1 per pound, we will manage to fetch $20 billion in textile and clothing exports next year,” said Aptma Chairman Gohar Ejaz. He added that the textile industry achieved record exports of nearly $14 billion during the last fiscal year despite severe energy crisis.
Published in The Express Tribune, July 26th, 2011.
Textile and clothing exports during the current financial year are likely to rise by 45% against the previous fiscal year, according to All Pakistan Textile Mills Association (Aptma) estimates. Aptma predicts exports of $20 billion, up from the current level of $13.8 billion. “We are expecting a record domestic cotton crop of 16 million bales this year. If the average cotton price remains as low as $1 per pound, we will manage to fetch $20 billion in textile and clothing exports next year,” said Aptma Chairman Gohar Ejaz. He added that the textile industry achieved record exports of nearly $14 billion during the last fiscal year despite severe energy crisis.
Published in The Express Tribune, July 26th, 2011.