Textile Exports In Pakistan Fell 3% In July

On Wednesday, Pakistan manufacturing exporters said that the export of Pakistan textile enterprises fell 3% in the first 3 months of the fiscal year, including cotton yarn, bedding, clothing, finished products, knitted garments and other textile materials, mainly due to insufficient supply of electricity and natural gas.

In July of this fiscal year, textile exports amounted to 905 million 915 thousand US dollars, compared with that of the last fiscal year, which exported US $930 million 328 thousand, or US $24 million 413 thousand, or 2.62%.

In July 2008, textile exports also decreased by 1.43% compared with June 2008 exports. In the last fiscal year, exports were US $919 million 52 thousand in June, and US $905 million 912 thousand in July 2008, a sharp decrease of US $13 million 137 thousand.

Export segmentation, cotton yarn exports decreased by 17.49%, knitted apparel exports decreased by nearly 9%, bedding exports decreased by 9%, ready-made clothing exports decreased by 0.21%, and manufactured exports decreased by about 1%, excluding bath towels and sheets.

In July of this fiscal year, the export of other textile raw materials fell by 32.25% compared with the 2006-07 financial year.

Ijaz Khokhar, former chairman of the Pakistan garment manufacturers and Exporters Association, said that the decline in textile exports was due to insufficient supply of natural gas and electricity.

He said that if the government guaranteed the supply of public energy throughout the year, the export of textiles should at least increase by 10%.

Other reasons cited by him include tourism advice. Some foreign countries advise their buyers not to visit Pakistan, especially Germany, Holland, France, the United States and Scandinavia countries.

Buyers do not want to visit Pakistan to confirm commercial contracts with the sellers. At the same time, the economy is in deep regression. Under such circumstances, export business can not develop greatly.

The government must formulate policies to encourage exports.

He said about 15% of foreign orders were pferred to China and Bangladesh.

He said, however, the quality of Pakistan's exports is still better than that of other countries, and in the world market, the price of Pakistan is 7% lower than that of Chinese products.