| GEO Business|
| 19% decline in Pakistanís bedware exports|
| Updated at: 0055 PST, Sunday, July 27, 2008|
KARACHI: Exports of bedware goods from Pakistan have declined by 19 per cent but despite this difficult situation, an increase in exports has been targeted during the current financial year.
Cahirman Bedware Exporters Association Shabbir Ahmed told that prices of cotton and yarn are heading towards north besides increasing rates of electricity and gas. Thus, bedware exports have come down to $1.7 billion in previous year after setting a record of $2.1 billion two years ago.
However, an export target of two billion dollars has been fixed this year, which according to Shabbir Ahmed may be extended to three billion dollars if production cost is reduced.
Moreover, many industrialists have reached near to bankruptcy due to increase in the rate of dollar also.
According to Shabbir Ahmed, another major issue of Pakistanís bedware industry is anti-dumping duty in Europe which is expected to be lifted next year.
Pakistanís bedware, due to anti-dumping duty of about six per cent and custom duty of ten per cent, is unable to compete with duty-free products of Bangladesh.