PRGMEA seeks textile policy review

 

Pakistan: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the Government to review the existing textile policy. The trade association has also requested the Government to look into hurdles causing difficulties for the sector to make it competitive. Pakistan: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the Government to review the existing textile policy. The trade association has also requested the Government to look into hurdles causing difficulties for the sector to make it competitive. Lack of the latest fabric/products (in terms of innovation) available locally has emerged as the biggest hurdle for the export sector.

Foreign buyers demand G3, G4 and technical fabric but the country doesn’t produce these fabrics due to non-availability of the raw material. “High cost of utility and allied factors have collectively made research and development weaker in the country,” said PRGMEA.

The association has asked the Government to announce special R&D funding for the development of new and innovative products in the textile industry. The PRGMEA further stresses that having a sector-wide policy will be helpful in stabilising the exports.

During July 2016 to April 2017 period, Pakistan’s textile and clothing exports fell 0.92 per cent to US $ 10.29 billion. However, Pakistan reported positive textile and clothing exports in the month of July this year.