Exports of textile products increase by 26pc

Value-added textile products’ exports have witnessed 26 percent growth during current fiscal year as a result of extra ordinary efforts of Pakistani exporters.

This was stated by Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Javed Chinoy during a meeting with Acting President FPCCI Dawood Usman Jakhura, here at Federation House on Saturday. He was accompanied by leading garment exporters and office bearers, said a statement from Federation of Pakistan Chambers of Commerce and Industry.

Javed Chinoy said that FPCCI and PRGMEA have been playing a significant role in promotion of Pakistan exports of value- added products.

Dawood Jakhura stressed on an aggressive marketing of Readymade Garments in different countries besides diversification of non-traditional markets.

This will also strengthen the country’s foreign exchange position. Javed Chinoy observed that political instability would bring negative impact on entire national economy including the value- added textile sector.

He suggested that gas and electric tariff should be freezed for at least one year for ensuring consistency while pricing an export product.

He also demanded earliest payment of stuck up duty draw back amount to support the exporters who were facing financial crunch.

Acting President FPCCI appreciated PRGMEA’s role for promoting value added exports and assured the delegation that he would pursue for solutions of the issues presented to him by PRGMEA officials at different fora.