Pakistan 20% Textile And Garment Export Orders Pferred Abroad
Informed sources on Tuesday revealed that over the past year, Pakistan's textile export orders exceeding 15-20% have been pferred to Bangladesh, India and Sri Lanka due to insufficient supply of natural gas and electricity.
Because of frequent power failures, textile entrepreneurs find it difficult to complete export orders in time.
Therefore, foreign buyers will export.
Order
Turning to neighboring countries has caused huge losses to Pakistan.
The textile industry is the main source of foreign exchange income in Pakistan. At present, the textile industry is a very critical historical period.
The textile industry is dependent on cotton, but cotton production has been damaged due to recent floods.
In the 2011-12 fiscal year, cotton crops were damaged for second years. Due to the devastating floods in 2010, the output was reduced to 11 million 700 thousand packs, with a target of 14 million packs.
Despite the recent floods in the southern part of Sindh province, cotton has been damaged.
loss
Huge, but in the 2011-12 fiscal year of Pakistan, cotton output is still expected to reach 1200-1250 packages.
More than last year's output.
But informed sources say Pakistan still needs to import 150-200 million bales of cotton from neighboring countries, such as India and China, to meet domestic demand.
They said: "as the price of electricity and natural gas rises every day, the production cost of textile products also grows day by day.
The electricity price per unit in Pakistan is 12 cents, while the electricity price in Bangladesh is 7 cents per unit.
Similarly, Pakistan has 16 cents per cubic cubic meter of natural gas, while Bangladesh has 7 cents per cubic meter.
In addition, in Bangladesh, textile enterprises are purchasing at home.
Spin
Goods can receive a 10% cash subsidy.
Almost 50% of textile export orders were obtained from Karachi. As we all know, the legal order of Racachi city is deteriorating.
Therefore, buyers prefer to choose neighboring countries, such as India and Bangladesh, to abandon Pakistan.
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