Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Uncategorized

‘Pak exports went down from $3b to $1.8b: Out of 25 largest factories, only 7 operational’

byCustoms Today Report
16/02/2015
in Uncategorized
Share on FacebookShare on Twitter

KARACHI: Out of the 25 largest factories operating in Pakistan in 2001, less than seven remain in business today, said an entrepreneur who has been serving Pakistan and Bangladesh’s garment industry with Enterprise Resource Planning (ERP) implementation services for 15 years.

The industrialist said, “Sadly, my customer list reads more like an obituary. In most cases, the owners were seasoned, hard-working and honourable business leaders, no better or worse than their Bangladeshi counterparts. The latter reached $27.1 billion of garment exports last year, from a lowly $3 billion in 2001. We went down from $3 billion to $1.8 billion. Our failure to stem the tide of militancy emerges as the single most decisive reason.”

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

Unlike other export industries, this industry thrives on close interactions with western designers. The former creates sketches but lacks manufacturing facilities to convert them into garments. The latter can’t design products that appeal to western sensibilities, but they do command manufacturing resources that can quickly turn paper designs into products – a process called sampling within the industry parlance, usually done for free by the factory.

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

Food inflation 3pc, non-food 4.5pc down in Jan against 7.2pc, 8.4pc due to POL prices cut

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.