On a monthly basis, exports dropped 10.63% to $1.051 billion in October. PHOTO: FILE
LAHORE:
Following a sharp decline in exports of textile and clothing in the first four months (July-October) of 2015-16, the value-added textile industry has pressed the government to address their problems on an urgent basis as the drop in shipments may increase in the next quarter.
Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) Chief Coordinator Ijaz A Khokhar appealed to the prime minister to intervene and frame a policy for a reduction in input costs, otherwise industrial units would not only close down, but millions of workers would also lose their jobs.
“The prime minister had committed to holding talks with the export-oriented industries on a quarterly
basis but no such meetings have taken place so far,” Khokhar said.
On a monthly basis, exports dropped 10.63% to $1.051 billion in October compared to $1.176 billion in the same month last year.
Published in The Express Tribune, November 28th, 2015.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.
COMMENTS (1)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ