30pc decline in exports irks industrialists

 SIALKOT - The garments’ exports has witnessed a record 30 percent decline as the industry thereby suffering a loss of US$ 2 billion due to the worst loadshedding of electricity and gas and badly hitting the industry in Pakistan, disclosed the Pakistan Readymade Garments Manufacturers and Exporters Association.Talking to the media at his office, PRGMEA Chief Coordinator Ejaz A Khokhar said that the situation was turning from bad to worse day by day and getting unbearable for the exporters. It should be a point of grave concern and an “eye opener” for everyone, he added. The exporters’ leader said that the foreign buyers were cancelling and diverting their import orders from Pakistan to China, Bangladesh and India as the Pakistani exporters were unable to ensure timely dispatch of their export consignments to the foreign destinations on time due to prolonged loadshedding of power and gas.Ejaz urged the federal government to take effective measures on war-footing to save the industry from collapse. He narrated that an important meeting of the National Assembly’s Standing Committee on Textile Industry will be held on January 3, 2013 to discuss the crucial issues including chalking out a plan to ensure the uninterrupted supply of gas to the textile industry and Draft of Textile Bill under the chair of Muhammad Akram.

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