KARACHI: The textile exports of the country have declined by 65% to $404 million against exports of $1,138.35 million in the same month of the previous year.
Given the huge blow, the textile enterprises have demanded that the government reopen all the textile industries along with the restoration of the zero-rated sales tax status as textile exports have been severely affected.
“This should set off alarm bells for the official quarters concerned,” said All Pakistan Textile Mills Association (Aptma) Punjab Zone Chairman Adil Bashir.
In the wake of a heavy fall in exports as well as domestic sales of textile products, Bashir demanded the restoration of the zero-rated status for the five major export-oriented sectors in order to give a boost to the textile industry in its endeavours to increase local production and exports, and save millions of jobs.
Bashir urged the government to reopen textile enterprises and take serious measures to overcome the liquidity issues of the textile industry.
Severely affected by lockdown measures, Pakistan’s textile exports on decline
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