Textile woes: Exporters express dismay
The textile industry is the only hope for revival of the country’s economy, says PTEA chairman
FAISALABAD:
The textile exporters of Faisalabad have stressed the need for creating a stable environment with more market access to deal with competitiveness issue. The textile industry is the only hope for revival of the country’s economy which is currently jolted by a high cost of doing business, said Pakistan Textile Exporters Association Chairman Sohail Pasha. He said the sizeable textile capacity has been severely impaired and textile exports, both in quantity and value terms, have declined. The major factor behind the declining trend is the erosion of textile industry’s competitiveness, particularly against the huge incentives being provided by the competing countries to their export sectors. With government support, regional rivals have accelerated export growth and have increased their market share in global textile trade, added Pasha.
Published in The Express Tribune, July 3rd, 2015.
The textile exporters of Faisalabad have stressed the need for creating a stable environment with more market access to deal with competitiveness issue. The textile industry is the only hope for revival of the country’s economy which is currently jolted by a high cost of doing business, said Pakistan Textile Exporters Association Chairman Sohail Pasha. He said the sizeable textile capacity has been severely impaired and textile exports, both in quantity and value terms, have declined. The major factor behind the declining trend is the erosion of textile industry’s competitiveness, particularly against the huge incentives being provided by the competing countries to their export sectors. With government support, regional rivals have accelerated export growth and have increased their market share in global textile trade, added Pasha.
Published in The Express Tribune, July 3rd, 2015.