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 s
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:6/15/2010
Source:www.businessdailyafrica.com