It is hard to say whether the rise in exports in 2018-19 is sustainable.
KARACHI: Federal Secretary for Textile, Syed Iftikhar Hussain Babaron Thursday launched 3rd phase of Stitching Machine Operator Training (SMOT) Program at PHMA’s Institute of Knitwear Technology Karachi.
LAHORE: War of words has erupted between the value-added sector of textiles and the spinning sector that is facing dwindling exports. There is no shortage of yarn in the local market; still the value-added sector demands a ban on yarn exports.
Garment exports to new destinations grew sevenfold to $5 billion in the last one decade buoyed by market diversification drives and the government's stimulus package set aside for exploring opportunities in emerging markets, exporters said.
India is likely to gain only $2-10 billion by exporting services to 15 Asia-Pacific countries under the proposed mega regional trade agreement, a premier think tank has told the government.
Offshoring of apparel manufacturing has been a blessing for many developing countries. The readymade garments (RMG) industry, employer of 40 million workers, mostly rural women, contributes more than 80 percent to Bangladesh's export revenue.