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Global market share of Pakistan textiles fell to 1.8%

Number of visits: Date:7/23/2015 08:26 PM
According to Pakistan's "national newspaper" the (2015) in July 14th report, Pakistan 2009-2014 first five-year plan, the textile industry meter painting spending 188 billion rupees (about $18 billion), actual implementation rate of only 15%, resulting in textile export and zero employment growth, Pakistani textiles in the global market share dropped from 2.2% to 1.8%. Phase comparison, India 2007-2012 11th five years plan, the textile industry meter painting spending 140 billion rupees (about US $1.4 billion), the actual implementation rate of 115%, export growth of 76%, the employment of new 16 million, the global market possession rate from 3.5% to 5%. Pakistan readymade garments manufacturers and Exporters Association (prgmea) chairman IjazKhokhar said textile industry with the 45% of national exports, and the solution of the 34% of the domestic employment, are vital to the national economy. The current Palestinian domestic wages, interest rates, as well as water, electricity, gas costs were higher than those of neighboring countries. He Hoo called on the government to take effective measures to reduce the cost of doing business, increase the competitiveness of the industry.
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