FAISALABAD – The Pakistan Textile Exporters Association (PTEA) showed concerns over the decrease of 6.38 percent in textile exports in December last year in spite of the availability of GSP Plus status.
The prevailing energy crisis and lack of working capital are the main reasons behind the substantial drop in exports.
PTEA Chairman Sohail Pasha apprehended that export numbers in coming months might be even worse as the textile industry in Punjab has been deprived of its basic fuel and working capital and textile exports witnessed 6. 38 percent decline in December over same month of outgoing fiscal.
He said that country exported textile goods worth $1.175 billion in December as against exports of $1.255 billion in same month of previous year showing a hectic decline of 6.38pc. Export of value added items also witnessed negative growth as cotton cloth down by 13.62pc, bed wear 11.54pc towels 11.39pc and Made ups 10.04pc.
