The textile sector has been facing chronic energy shortages and stuck-up exports refunds due to which textile and clothing exports plunged from $9.166bn to $8.363 billion in the first eight months (July-February) of 2015-16 in the same period last year, a drop by 8.76 percent, according to Pakistan Bureau of Statistics data.
The decline in exports, from July 2014, was despite the preferential market access to the European Union as government failed to capitalize on the opportunity of Generalized System of Preferences Plus (GSP+) status.
Details showed that exports of low value-added products, such as cotton cloth dropped 10.69pc, cotton yarn 32.80pc, cotton carded 98.12pc, yarn other than cotton 21.20pc and made-up articles by 4.41pc.
In value-added sector, exports of bedwear fell by 5.42pc and knitwear 2.72pc. However, readymade garments and towels grew 3.97pc and 1.05pc, respectively.
Raw cotton exports witnessed a massive decline of 46.58pc.
Total export proceeds decreased by 13.30pc year-on-year to $13.868bn in July-February 2015-16 from $15.995bn.
Marks & Spencer and Pilio have launched the Affordable Clean Environment (ACE) cotton programme to support cotton farmers in India.
Circulose has joined the ecosystem of Spinnova to support the commercial scale-up of Spinnova’s fibre technology by supplying recycled raw…
AGY, JPS Composite Materials to manufacture low coefficient of thermal expansion (CTE) glass fibre fabric developed for advanced integrated circuit…
Ocean Recherche is promoting marine biomass as its main raw material for textile applications, supplying a range of materials developed…
Asahi Kasei has resumed production of Bemberg at its Nobeoka facility in Japan, almost four years after a partial shutdown.
Nikwax has partnered with technical marine clothing brand Gill Marine to introduce PFAS-free durable water-repellent technology to ocean performance gear.