LAHORE: The All Pakistan Textile Mills Association on Friday urged the government to announce the Strategic Trade Policy Framework immediately, saying an undue delay would push the textile industry exports further down.

“Textile exports have reduced by 14 per cent over the last six months and if this trend persists, it will lead to a reduction of $3.5 billion in exports by the year-end,” Aptma Punjab Zone Chairman Aamir Fayyaz said while addressing a press conference.

He pointed out that the cotton crop failure in Punjab had resulted in $1.5bn loss to farmers and total loss would reach $5bn with the addition of loss in exports.

Fayyaz said regional competitors including China, Bangladesh and India were filling up their coffers with foreign exchange earned out of exports and not the International Monetary Fund.

He said Aptma had put forward six points to the government for strengthening exports. The government should understand that a downward trend would be irreversible if continued unabated as the buyers would not return to us. He suggested the government should pass on the benefit of reduction in oil prices internationally.

Published in Dawn, February 13th, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...