Textile sector: Export statistics raise alarm bells

Pakistan’s textile exports have gone down by 16.23% in March 2015 compared to the same month of last year


Ppi May 08, 2015

ISLAMABAD: Despite having the Generalised System of Preferences (GSP) Plus status, Pakistan’s textile exports have gone down by 16.23% in March 2015 compared to the same month of last year, raising alarm bells. Chairman of FPCCI Committee on Horticulture and Agriculture Produce Ahmad Jawad said policymakers need to realise that all the burden cannot be put on the shoulders of the textile sector. “Having put another proposal of the FBR to increase the sales tax on five export-oriented sectors from 2% to 5% is not the solution,” he said.

 

Published in The Express Tribune, May 9th,  2015.

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