Govt must save textile exports: PTEA

Published June 25, 2015
Pakistan exported textile goods worth $1.12bn in May—White Star/File
Pakistan exported textile goods worth $1.12bn in May—White Star/File

LAHORE: The Pakistan Textile Exporters Association (PTEA) on Wednesday urged the federal government to save textile exports from consistent decline, both in terms of value and quantity.

PTEA Chairman Sohail Pasha and Vice-Chairman Rizwan Riaz Saigal, in a joint statement said that achieving targets to double textile exports appeared to be a herculean task in the perspective of 5.91 per cent drop in textile exports in May over the same month of previous fiscal year.

Giving details, they said that Pakistan exported textile goods worth $1.12 billion in May against exports of $1.19bn in the same month of last year which showed decline of 5.88pc.

Know more: Non-textile exports dive in July-May

Textile exports were also down by 1.70pc in comparison with July-May period of previous year, they added. Export of value-added items witnessed negative growth, cotton cloth down by 15.70pc, knitwear 11.32pc, bedwear 9.80pc and towels 9.23pc.

Published in Dawn, June 25th, 2015

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