Pakistan textile exports witnessed plunge of 6.38 percent in December 2014 despite the availability of GSP Plus scheme. The major factors behind the substantial drop in exports are energy shortage and lack of working capital.
According to the Pakistan Textile Exporters Association (PTEA) details, the country exported textile goods worth $1.175 billion in December against exports of $1.255 billion in the same month of previous year.
Value-added items also recorded a negative growth as cotton cloth exports declined by 13.62%, bed wear 11.54%, towels 11.39% and made-ups 10.04%.
PTEA Chairman Sohail Pasha and Vice Chairman Rizwan Riaz apprehended that export numbers might be even worse in coming months as the textile industry of Punjab has been deprived of basic fuel and working capital.
Energy shortage and liquidity crunch are the prime causes of the decline as a major part of production capacity of the textile industry is lying idle due to short supply of electricity and gas.
Due to the non-serious attitude of the government, exports are heading towards collapse after a visible decline.
TJX Companies has decided to remove natural fur from its collections, including angora, which comes from rabbits, and mohair, which…
The government of Bangladesh has introduced a detailed and multi-level plan to increase jute production and improve its quality.
Eastman introduced Naia™ Lyte, a new cellulose acetate filament yarn, at the Intertextile Shanghai Apparel Fabrics Spring/Summer 2026 exhibition.
Ecco, Spinnova have introduced the Ecco BIOM 720 shoe. This product is unique as it uses leather by-products that are…
Xefco has deployed its Ausora system, marking the first time a waterless plasma textile dyeing machine has been deployed at…
trinamiX is helping manufacturers, recyclers, sorters, and brands improve material identification through its mobile near-infrared spectroscopy technology.