Similarly, other value-added sectors
including fabrics, home textiles, towels and more were anticipated to
reach an export target of US$5.2 billion whilst the actual value was
likely to be US$4.2 billion. The estimated export target of US$1.5
billion was set for other raw material associated with the cotton
sector…Due to a shortage and high prices of yarns in the local
market, coupled with an increase in electricity and gas prices, it was
difficult to achieve the desired targets, said Dr Shahzad Arshad,
Chairman of Pakistan Cotton Fashion Apparel Manufacturers and Exporters
Association…The initial total export target was US$22 billion,
which was later reduced by the government to US$18 billion, of which
the textile sector was estimated to contribute more than 60%..
Date:5/30/2010
Source:adsaleata.com