Textile sector earning exceeds target, , increases 30pc

MULTAN: Chairman All Pakistan Bed Sheet and Upholstery Manufacturers Association Khawaja Jalaluddin Roomi said that there was 30 percent increase in exports revenue than the target set in the textile sector.

While addressing in a party, he expressed satisfaction over the country earned another three billion dollars due to exports in the textile sector.

He clarified that billions of rupees in the textile sector was due to increase in prices at international level. He however said that there was five to seven percent reduction registered in exports of bed-sheets and towels.

He stressed upon the government to ensure implementation on Trader Policy 2009-12 and Textile Policy 2009-14 as non-implementation is creating many problems for industrial sector.

He urged upon the government to resolve issues related to duty drawback as thousands of cases are still pending in the State Bank.

The chairman said that there was 9.2 percent reduction in export of textiles during July 2011 and it was due to the energy crisis. He said that the country was facing shortage of 7,739 megawatt electricity and 400 million cubic feet gas.

He stressed upon the government to ensure uninterrupted power supply to textile sector otherwise the textile sector would not be in position to carry on the existing performance.

He said the government would have to ensure steps to minimise difference between exports and imports in order to put the country on the path to progress and prosperity.

Copyright APP (Associated Press of Pakistan), 2011