All Pakistan Textile Mills Association (APTMA) central Chairman Aamir Fayyaz has said the export data for the month of November does not reflect the ground realities of textile industry, which is terribly plagued with high cost of doing business all across the value chain.
Commenting on the November 2106 export data released by the Federal Bureau of Statistics, he said the comparison of this period has been made corresponding highly lean period of November 2016. He also said an increase in value of textile exports is mainly due to an increase in the commodity prices world-wide. Comparison of exports for November 2016 against November 2015 is a meaningless exercise, especially when there is a constant drop in exports from July till date," he added.
He said the exports for November 2016 in quantitative terms are yet on the declining side, ie fabric exports registered a decline of 23 percent which proves industry point of view. "It also suggests that a substantial capacity to produce exportable surplus is either fully or partially closed due to high energy cost and other factors concerning cost of doing business," he stressed. He said only a comprehensive textile package would be an answer to avert fall in exports both in quantity and to achieve sizable growth.
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