Exports of textile and clothing witnessed a negative growth of 6.4% in Dec’14 to US$1.175bn from US$1.255bn in the corresponding period last year. The export proceeds reversed in the month of Dec’14, after witnessing a positive growth of over 7% in Nov’14 from a year ago. The reason for decline, forwarded by the private sector, was the failure of the Punjab government to provide uninterrupted power and gas supply to the textile mills. In the first 11 months (Jan-Nov) of 2014, the export of value-added and non-value added textile products to the European Union (EU) witnessed a growth under the GSP+ scheme. But this increases is not reflected in the overall exports from this sector. (Dawn)
Posted on: Thu, 22 Jan 2015 09:20:00 +0000
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