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What GSP Plus offers to Pakistan?

  The European Union (EU) has granted Pakistan GSP plus status despite resistance from India. At the best Pakistan will be able to add another one billion dollars to its exports. Local manufacturers will have to face stiff competition from other countries of the region particularly China, India and Bangladesh. After grant of GSP Plus status, Pakistan will enjoy increased access to the EU market. Pakistan has been trying to …

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Value addition can give boost to textile exports

  Government must establish more textile cities Textile sector is the backbone of Pakistan export economy. Comprises of 391 textile mills, Pakistan is the world’s fourth largest producer of cotton and third largest consumer. It contributes 8.5 percent of GDP and employs 38 percent of the workforce in the manufacturing sector. But Pakistan textile industry is mainly beset with the major problems like energy crisis, lack of value addition and …

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Beleaguered textile trade

  Immediate incentives, policy change can revive the exports of Pakistan Pakistan’s share in global textile trade dropped from 2.2 to 1.8 percent during last five years and the share may further reduced to 1.5 percent by 2020 if the sector was not made competitive in the region in respect of power supply, reducing cost of doing business and giving relief in taxes. Pakistan as compare with other states in …

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Handicraft skills in rural Balochistan a likely boost for textile growth

  Disregard of women’s rights stay put; govt should reform women empowerment policies in the province Under the 1973 constitution, all citizens of Pakistan are equal, with no distinction based on gender alone but unfortunately constitutional guarantees of equality have not been enforced in actual practice all across the country. In Balochistan, enforcement of the law is the real challenge. It has been observed on ground that force of custom …

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Surge in local yarn prices hits apparel sector

  PRGMEA appeals govt to abolish additional regulatory duty on cotton yarn Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) is the premier trade organization representing the Readymade Garment Industry in Pakistan. PRGMEA was established in 1981 to provide advice and services to manufacturers and exporters and to promote a better environment for trade. As a trade organization, it is recognized by the Government of Pakistan and affiliated with the …

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Fashion and Apparel gather speed in Pakistan

  Fashion and apparel industry is experiencing accelerated progress in Pakistan while youth which comprises nearly 32 percent of the country’s population appear to be the guiding force behind it. In present eras, the apparel sector has witnessed entry of some of the biggest textile groups of Pakistan. These groups’ availed opportunities by launching separate brands, lawns and other fashion related products in the market. Plus the talented designers with …

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