Textiles spin out big profits

MULTAN: Chairman All Pakistan Bed Sheet and Upholstery Manufacturers Association Khawaja Jalaluddin Roomisaid that there was 30 per cent increase in exports revenue than the target set in the textile sector.

While addressing an Iftar party, he expressed satisfaction that the country earned another three billion dollars through textile sector exports.

He attributed this to increase in international prices. He, however, said exports of bed sheets and towels have seen a fall of five to seven percent.

He stressed upon the government to ensure implementation on Trade Policy 2009-12 and Textile Policy 2009-14 as their non-implementation is creating many problems for industrial sector.

He urged upon the government to resolve issues related to duty drawback as thousands of cases are still pending in the State Bank.

The chairman said that there was 9.2 per cent reduction in export of textiles during July 2011 and it was due to the energy crisis.

He stressed upon the government to ensure uninterrupted power supply to textile sector otherwise the textile sector would not be in a position to sustain its existing performance. (APP)