LAHORE: War of words has erupted between the value-added sector of textiles and the spinning sector that is facing dwindling exports. There is no shortage of yarn in the local market; still the value-added sector demands a ban on yarn exports.
Offshoring of apparel manufacturing has been a blessing for many developing countries. The readymade garments (RMG) industry, employer of 40 million workers, mostly rural women, contributes more than 80 percent to Bangladesh's export revenue.
Garment exports to new destinations grew sevenfold to $5 billion in the last one decade buoyed by market diversification drives and the government's stimulus package set aside for exploring opportunities in emerging markets, exporters said.
KARACHI: Pakistan’s textile and clothing exports recorded 9.47 percent year-on-year decline to $1.088 billion in March 2019, taking the nine-month (July-March FY19) exports to $9.99 billion, as higher cost of doing business and economic uncertainty kept the industry under pressure.
KARACHI: Prime Minister’s Adviser on Commerce Abdul Razak Dawood on Thursday said that a commerce policy for five years will be announced by the government in coming days, ARY News reported.
India is likely to gain only $2-10 billion by exporting services to 15 Asia-Pacific countries under the proposed mega regional trade agreement, a premier think tank has told the government.