R&D Dept Of FPCCI Prepares Report Of Research On Textile To Enhance Exports
Mohammad Ali (@ChaudhryMAli88) Published May 21, 2018 | 06:41 PM
Islamabad, (UrduPoint / Pakistan Point News - 21st May, 2018) : The Research & Development (R&D) Department of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has prepared a detailed document on the issues of Pakistan's Exports.
The study was conducted with the consultation of Export Advisory Committee of FPCCI which was formed in compliance of Prime Minister Directives to submit proposals for enhancing export from Pakistan.
The report contains issues of the export oriented sectors including textile sector which has largest share in Pakistan's exports. The report in textile sector highlighted the area of concern that is Pakistan's Competitors have set targets for textile exports while Pakistan far behind them.
Bangladesh set target to achieve textile exports US$ 60 billion, India set target to increase export U$30 billion, while Pakistan's total exports has decrease from US$25 billion to US$20 billion nearly in which textile sector share 61%.
The report also identifies various problems being faced by Textile Sector including high cost of doing business approximately 11 percent multiple taxes and surcharges. Low production of cotton bales, limited implementation of Government announced support in STPF and Textile Package, uncompetitive utility and raw materials to the textile sector.
The report explored that the China's export of textile products share is 36%, Vietnam contributes 12.4% similarly Pakistan's share 7%, therefore a trilateral products specific agreement between China, Pakistan and Vietnam will acquire 50% share of the Global Textile market.
Related Topics
Recent Stories
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
More Stories From Pakistan
-
WASA to suspend water supply for 24 hours to repair pipeline
4 minutes ago -
IHC holds full court meeting
4 minutes ago -
Couple attacked over marriage dispute in Bahawalnagar district
14 minutes ago -
Annual Sports Gala kicks off at UoS
14 minutes ago -
AJK President condoles demise of Advisor's mother
14 minutes ago -
Library dept organizes book fairs, seminars to mark World Book Day
14 minutes ago
-
Daily urgent hearing applications time extended in SHC
24 minutes ago -
2 suspects arrested for raping minor
24 minutes ago -
District administration fixes price for roti, naan to facilitate people
34 minutes ago -
12.5 million used Saudi Arabia’s airports via 86,000 flights in Ramazan
34 minutes ago -
Submissions open for Pakistani media to apply for China's 2nd Silk Road Global News Award
34 minutes ago -
Two held, betel nuts, gutka/mawa seized
34 minutes ago