Pakistan textile exporters warn of steep export decline in second quarter
Pakistan Textile Exporters Association leaders warned the government of a sharp drop in goods exports from October to December due to weak Western demand and high costs.
Industry cites multiple pressure points
Exporters point to inflation in Western markets as a major factor weakening buyer interest. Sea freight charges have increased between 1.5 and 2.5 times, squeezing profit margins significantly. Rising input and logistics costs further undermine the competitiveness of Pakistani products globally.
Association seeks specific tax relief
The Pakistan Textile Exporters Association requested a Drawback of Local Taxes and Levies support ranging from 6 to 8 percent. Officials linked this financial aid to achieving a 10 percent increase in export volumes during the current fiscal year. A meeting on October 13 brought together representatives from various ministries and industry bodies to discuss these urgent measures.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Dawn
- Business Recorder
Reported by
2 independent outlets. Headlines as published. Links open the original report.