Export challenges mount for textiles

ISLAMABAD: Leading textile exporters met commerce ministry officials on Friday, highlighting challenges behind consecutive declines in value-added textile exports.

Commerce Minister Jam Kamal Khan, along with senior officials, heard stakeholders’ concerns about high business costs and meeting international buyer demands.

The industry representatives delivered a detailed presentation outlining the key challenges hindering export growth, particularly the heavy burden of upfront taxes, elevated energy tariffs, infrastructure constraints, and persistent liquidity pressures stemming from pending refunds.

The meeting was also informed about the limitations of the Temporary Importation Scheme, including reduced utilisation periods, inadequate credit limits under the Export Finance Scheme that restrict access to essential working capital, and frequent policy changes that significantly limit the sector’s potential for export expansion.

High costs, energy tariffs choke growth

High costs, energy tariffs choke growth

Chairmen and representatives of Pakistan Hosiery Manufacturers and Exporters Association (PHMA), Pakistan Readymade Garments Manufacturers and Exporters........

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