PESHAWAR: Expressing grave concern over 16 percent slide in textile exports in March, Pakistan Yarn Merchants Association (PYMA) has demanded emergent measures to boost exports of the country.
In a statement issued here on Monday, Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Muhammad Akram Pasha pointed out that in March 2015 the textile exports declined by 16.23 percent against the same month of previous year.
Giving details, they said that exports of cotton declined by 29.36 percent in value terms and 12.99 percent in quantity. Similarly, the cotton cloth exports also declined by 14.45 percent in value and 37.57 percent in quantity, exports of bed wear stooped by 16.94 percent in value and 15.15 percent in quantity, exports of towels went down by 19.03 percent in value and 23.51 percent in quantity, exports of garments slid by 5.20 percent in value and 12.57 percent in quantity.
The only item showing positive increase was knitting sector with 28.53 percent increase but 7.41 percent decline in value. They said that this decline in textile exports was in spite of the fact that European Union had granted GSP concession to Pakistani textiles under which Pakistan could exports its textile products duty free to European Union markets. However Pakistani exporters have not been able to benefit from this concession. This was because the productivity of industrial units has come down drastically and these units were unable to meet the demands of foreign buyers.
They said that the distribution companies could overcome this short fall through proper strategy and planning by taking stock of actual demand area wise, industry wise and market wise.
