“span style=”font-family: verdana;” class=”text_cms”>.span style=”font-family: verdana;”>Textile
products exports totaled $7.597 billion in July-March of the current
financial year against $7.190 billion in the same period of last year,
registering 5.66 percent growth, according to Federal Bureau of
Statistics (FBS) on Wednesday. Growth in overall textile exports was
triggered by a phenomenal growth in the raw cotton increasing 141.59
percent, cotton yarn going up by 28.96 percent and yarn other than
cotton yarn growing 102 percent during the period under review.”/span>.On
the other hand, the other export products in textile category either
fell or posted considerably nominal growth, especially the value-added
textile products depicted dismal show during the said months. Cotton
cloth exports were down 13.42 percent to $1.307 billion in the first
nine months against 1.509 billion in the same period of the last year.
Knitwear exports fell almost two percent to $1.290 billion against
$1.315 billion previous year and bedwear exports also decreased by 1.45
percent to $1.257 billion as compared to $1.275 billion last year.
Cotton carded or combed registered 43 percent fall…Towels export
increased by 3.80 percent, tents, canvas & tarpulin 2.88 percent,
readymade garments 4.21 percent, art silk & synthetic textiles
75.67 percent etc. Exporters said growth in textile exports could have
been even higher if the government had not restricted yarn exports by
allowing only a specific quota in the month of January this year…”In
view of inability of value-added sectors to compete their foreign
counterparts, it was yarn which could have earned precious foreign
exchange for the country”, they said and regretted this option has been
discarded on the pressure of downstream textile industries on the
pretext of shortage of yarn for the local needs…Value-added
exporters, however said domestic issues like high financing cost, power
shortage and growing utility charges, little market access to western
markets are making Pakistani products uncompetitive against its
competitors and if the situation gets corrected, value-added sector
could earn much higher foreign exchange..
Date:4/22/2010
Source:www.chinaknowledge.com