Pakistan's Textile Export Might Be Off Target.
Pakistan's textile export target of US$10.5 billion, set for 2009-10 (July 1-June 30), is likely to be missed by US$1.5 billion, following yarn shortage, increase in electricity and gas tariff and more. Textile industry observers said that an estimated target of US$3.8 billion for apparels export, which is likely to…
Egytex News Desk
Source: www.adsaleata.com
Similarly, other value-added sectors including fabrics, home textiles, towels and more were anticipated to reach an export target of US$5.2 billion whilst the actual value was likely to be US$4.2 billion. The estimated export target of US$1.5 billion was set for other raw material associated with the cotton sector.
Due to a shortage and high prices of yarns in the local market, coupled with an increase in electricity and gas prices, it was difficult to achieve the desired targets, said Dr Shahzad Arshad, Chairman of Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association.
The initial total export target was US$22 billion, which was later reduced by the government to US$18 billion, of which the textile sector was estimated to contribute more than 60%.
Source: www.adsaleata.com
From the Egytex news archive, first published on 15 June 2010. Figures and names are as reported at the time.
