Govt. Blamed For Declining Textile Exports

Faisalabad: The Faisalabad Chamber of Commerce and Industry (FCCI) had blamed lukewarm attitude of previous governments for impairing the textile exporters’ ability to maintain their presence in international markets thus decreasing export from $26 billion to $18 billion.Faisalabad: The Faisalabad Chamber of Commerce and Industry (FCCI) had blamed lukewarm attitude of previous governments for impairing the textile exporters’ ability to maintain their presence in international markets thus decreasing export from $26 billion to $18 billion.

FCCI said that the Government in-waiting should start homework right now to announce special package based on already formulated PTI Textile Policy so that it could be implemented immediately with the taking over of powers by the PTI government in centre.

This decline had plunged the national economy in deep crisis and despite of pressing demands of the textile sector, the declining trends continued to prevail as Governments took only cosmetic steps to the satisfy the business community. On the other hand regional competitors including Bangladesh captured markets and now its textile export has jump to 30 billion dollar while Pakistani exports are dwindling far behind.