Exports Of Garments And Garments In Pakistan Have Dropped Sharply.
Lack of government support, sharp increase in production costs, instability in law and implementation, political turmoil and continued interruption in power supply led to a 36% decline in garment exports in August 2008 compared with July.
According to official statistics, in August 2008, Pakistan exported $99 million 579 thousand in ready-made garments, and exports in July amounted to US $154 million 966 thousand, a decrease of US $55 million 387 thousand, or about 34.74%.
Similarly, the export of garments and garments in Pakistan decreased by 8.52% in August 2008 and exports in August 2007 to US $108 million 854 thousand, down 9 million 275 thousand US dollars from the same period last year.
In the 7-8 months of the current fiscal year, garments and clothing exports in Pakistan dropped by 3.64%, about 9 million 696 thousand US dollars.
In 7-8 months of 2008, Pakistan exported $254 million 454 thousand in ready-made garments, and exports amounted to $264 million 150 thousand in the same period last year.
Pakistan garments and garment manufacturers and exporters believe that the rise in production costs should be responsible for the decline in the export of garments and garments.
They say exporters in the clothing and clothing sector are disappointed by the continued decline in exports and unclear government policies.
They say the recent turmoil in the country has had a negative impact on future export pactions.
They expressed concern about the country's turbulent economy and said the government was not concerned about the sharp rise in the trade deficit.
Pakistan's exports declined and imports increased.
Exporters also expressed resentment against the government's efforts to raise the cost of natural gas and electricity, which has a negative impact on industrial output.
They say that the rise in diesel prices has not only hurt industrial growth but also seriously affected the general public.
They asked the government to elaborate a clear industrial policy and stabilize the country's economy.
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