Pakistan’s Textile Woes Exports Dip Again, Raising Concerns about the Industry’s Future
Pakistan's Textile Woes: Exports Dip Again, Raising Concerns about the Industry's Future
Textile troubles: Pakistan's backbone industry, the textile sector, is going through tough times. November 2023 export figures show another drop, adding to a year of lackluster performance. This has sparked worry among stakeholders and experts about the future of this crucial sector.
Falling Numbers: Compared to October 2023, textile exports in November dipped by 3.45%. Compared to the same month last year, the decline is even steeper, at 3.51%. From July to November, the sector's export revenue fell by 10.14% compared to the same period last year.
Exporters Point Fingers: Many blame the government's lack of support for the industry's struggles. They say key trade institutions aren't doing enough to...