Pakistani textile attracts global buyers

Sector needs to upgrade supply chain, maximise value addition

GUANGZHOU:

Business is good this time around. Our trade volume may reach $1 million for this phase,” said Gauhar Mustafa, owner of Gohar Textile Mills from Pakistan, a participant at the 133rd China Import and Export Fair held in Guangzhou. The exhibition, also known as the Canton Fair, concluded its third and final phase on May 5. Over the past five days, textiles, fabrics and clothes were showcased alongside other products to attract international buyers. It is Mustafa’s fifth attendance at the fair. This year, he had sustainable, recyclable home textiles with him. “We are getting many customers worldwide,” he said, adding that as China’s epidemic prevention and control has entered a new stage, it is easier for international traders like him to travel back and forth, and trade delegations find it better to fortify ties with their partners and peers and explore new opportunities.

For Tayyab Rasheed, Director Marketing (Towel Division) AI Textiles, Pakistan, the story is even longer as being the seventhtime participant. The textile sector in Pakistan has an overwhelming impact on the economy, contributing 60% to the country’s exports. In today’s highly competitive global environment, the sector needs to upgrade its supply chain, improve productivity, and maximise value addition to be able to survive. However, Pakistan’s textile group exports declined by 14.2% during the first 10 months (July-April) of current fiscal year 2022-23 and stood at $13.71 billion.

THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET