Pakistan textile exports declining countries face huge challenges Textile information - Textile net - Textile integrated service provider

According to a report in the BBS express in Pakistan, Pakistan's Ministry of Commerce, said Pakistan's falling export situation is a huge challenge to the country, Pakistan's lack of innovation and competitiveness of textile industry itself, should strive to improve the textile product development innovation, pay more attention to brand awareness and product output to return to the world textile industry market center. Because of falling export situation, the report indicates, over the years, the Pakistani government departments and the textile industry has been widely criticized. Wednesday, China's Ministry of Commerce reception on behalf of the textile industry association, said the textile sector has been completely dependent on government, hold this point of view, if Pakistan is very difficult to compete with Bangladesh and India textile industry textile industry. Give 250-2016/17 fiscal year, the government to textile exporters Financial support of 30 billion rupees, could rise to 700 - the new fiscal year 80 billion rupees. Government also launched 'brand of Pakistan' plan, enterprise image to the overseas to Pakistan, and the fair will be held on November Pakistan to attract global traders and investors. Industry representatives attending the meeting, said the government role is still important for support textile export. Have been stagnant over the past 25 years Pakistan cotton production, cotton production in 1991 is 11. 5 million packages, to 2017, the annual output has fallen to 10. 7 million bales, fell by 7%. But this time, India cotton output package growth from 10. 6 million to 34 million bales, up nearly 220%. Pakistan textile export performance also lags behind that of other countries, Pakistan textile export 36 in 1990. Export 124 $700 million, 2017. 500 million dollars, up by 239%; India during this period from 47. The $100 million increase to 366. 300 million dollars, up by 677%; Bangladesh is from 9. The $800 million increase to 302. $400 million, up nearly 30 times. Tax rate, Pakistan industrial gas price is 126% higher than Bangladesh, India, Vietnam, respectively, 62. 87%, 26. 5%; Industrial electricity price is 22 higher than Bangladesh, India, Vietnam, respectively. 2%, 22%, 37. 5%; Industry representatives, said the government needs to further reduce the electricity and gas prices, would be difficult to improve export or countries.