PAKISTAN: Drooping Textile Exports and Squeezing Margins are Disturbing
In the wake of declining textile exports, a well esteemed chamber urged the Pakistani Government to adopt both short term and long term methodologies for cutting back the cost of production. Textile is one of the most value-added and export-oriented sectors in Pakistan which accounts for more than 65 percent of total…
Egytex News Desk
Egytex
Sliding exports is already taking a toll on the economic growth of Pakistan which is likely to remain below the revised target of 6 percent for 2007-08 fiscal years, due to lower manufacturing growth and farm output.
A suggestion has been made by the Chamber according to which the Government must introduce business-friendly policies in the upcoming budget that will give a boost to domestic production and create a surplus of exportable goods.
Source: Fibre2fashion News Desk - India
From the Egytex news archive, first published on 28 May 2008. Figures and names are as reported at the time.
