Tuesday, June 24 2025

Textile exports drop for second month
Pakis­tan’s textile and clothing exports declined by 1.75pc year-on-year in May, marking the second consecutive monthly contraction and pushing overall sector growth into single digits for the ongoing fiscal year, largely due to mounting production costs and unresolved structural challenges. Export proceeds from the textile sector totalled $1.53bn in May, down from $1.55bn in the same month last year. This followed a 1.35pc contraction in April. As a result, textile and clothing export growth during July-May FY25 stood at 7.37pc, reaching $16.36bn compared to $15.24bn in the same period last year.
Related news categories: business economic-indicators textile-composite textile-spinning textile-weaving

Tuesday, June 03 2025

Textile exporters urge policy reversal to avoid sector collapse
Textile exporters have urged the federal government to reverse policy measures in the upcoming budget that are disrupting supply chains critical to sustaining over $9 billion in value-added exports. In a joint letter to Prime Minister Shehbaz Sharif, the Pakistan Readymade Garments Manu­facturers and Exporters Association (PRGMEA) and the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) requested an urgent meeting to resolve ongoing tariff-related barriers and restrictive policies that, they claim, are choking the supply chain. A copy of the letter, seen by Dawn, outlines four key areas requiring immediate attention in the next fiscal year’s budget. The associations pointed out that recent changes to the Export Facilitation Scheme (EFS) had negatively impacted small and medium-sized enterprises (SMEs). They called for the restoration of the original scheme to ensure stability, international competitiveness and compliance with buyer needs.
Related news categories: business economic-indicators textile-composite textile-spinning textile-weaving