Lack Of Infrastructure Leads To The Decline Of Pakistan'S Textile Industry
Pakistan diamond
textile company
Zubair Motiwala, the boss and first investment minister, said
Pakistan
Without adequate infrastructure and utilities, textile exporters are unable to meet market demand, though they receive more foreign orders.
If we want to get more orders, we need to expand production, but we need more water, natural gas and electricity, but Pakistan can't meet those conditions, he said.
He said that the reason for the overall loss of the textile industry lies in the existence of these problems. In addition, there is also bad logistics and bad roads.
The government must solve these problems before expanding export scale.
He said that if he invested in value-added products, Pakistan was expected to export $35 billion, but Pakistan continued to export cotton and yarn, which were lower than the value added products.
Bangladesh, he said.
textile industry
The policy is very good.
He pointed out that Bangladesh's textile exports now amount to US $12 billion.
He said the policy of the Bangladesh government is very clear.
In addition to cash incentives, Bangladesh has also received preferential treatment for zero tariff entry into the EU market, which means that international importers receive Bangladesh products at a price lower than 13% of Pakistan products.
We still have attitude problems, he said.
Pakistan people are not enthusiastic about their work and do not focus their efforts on expanding exports.
Pakistan is hard to compete with other countries because of Pakistan's failure to produce positive policies.
He said, our government can make a foolproof policy, but when they want to offer preferential treatment to exporters, the black sheep of the textile industry come up with preferential measures.
He said that the reason why the government did not take action to punish those culprits was that some people inside the government themselves provided umbrellas for people who did bad things.
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