The unfair policies of Bangladeshi government has created an insecurity amongst the Pakistani investors who had relocated their textile units in Bangladesh as they faced acute energy shortage and fluctuating tariffs of utilities in Pakistan. The Investors of Pakistan textile units in Bangladeshi are left with no other alternative but to move back home once again.
Bangladeshi government policy has left Pakistani investor altogether flustered, as Bangladeshi feels Pakistan is responsible for overplaying the collapse of a textile factory building in Dhaka at global markets.
According to Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea), the Pakistani investors are finding the Bangladeshi policies ‘ argumentative ‘ and its system difficult to deal with after the trials and punishment of Jamaat-i-Islami leaders for 1971 war charges.
The political chaos has ended up in repugnance against Pakistan largely upsetting the investors who had relocated their units from Karachi or other cities of the country to Dhaka.
The entire atmosphere is against the Pakistani investors and Bangladeshi government pulled out Pakistan for all flaws including the factory. Due to this, the new Pakistani investors have scarped their plans to set up units in Bangladesh after its government stepped up a drive against Pakistan.
A number of Pakistani investors have starting to relocate their units back home. Majority of units that were set up in Bangladesh were of home textile sector, due to duty-free access that Dhaka provided for its being Least Developed Country (LDC) in the EU. But, with the granting of GSP-Plus to Pakistan, it provides the same facility for Pakistani local exporters.
Although, Pakistan has attained a GSP-Plus status, it energy crisis, huge tax rate, no rebate, delays in refunds and other such issues is playing a bad role in scaling up textile production and its exports. However, some of the remaining investors in Bangladesh are worried and feeling insecure in Bangladeshi will be sooner rather than latter moving back to Pakistan has there are have no other option before them.
AmeriBangla Corporation has launched CottonPort, a digital cotton marketplace designed to connect American cotton farmers with mills and buyers in…
Chinese automaker SAIC-GM-Wuling has introduced bamboo-fiber-reinforced composites into interior components across more than 20 production vehicle models.
Zeneri has begun production of a new collection featuring its patented three-zone knitted architecture, designed to prevent socks from slipping…
Artist Simon Weckert has created Digital Camouflage, a shirt designed to challenge the computer-vision systems increasingly used to monitor public…
Dale of Norway has reintroduced its iconic Albertville sweater, originally designed for the Norwegian Olympic Team for the 1992 Winter…
Karl Mayer has unveiled Advanced Bubble fabrics that use three-dimensional structures, ruffles and transparent grounds to create sculptural textile surfaces.