PAKISTAN: Textile export target to be missed by $1.5 billion

An industry insider said the estimated target of $3.8 bn was fixed for apparels export, which is likely to reach $3 bn. Similarly, estimated export target of $5.2 bn was set for other value-added sectors including fabrics, home textiles and towels which will touch $4.2 bn. And, an estimated export target of $1.5 bn was set for other raw material associated with the cotton sector.

Due to shortage and high prices of yarn in the local market, coupled with increase in electricity and gas prices, it seems difficult to achieve the desired targets.