AGL 39.51 Decreased By ▼ -0.49 (-1.23%)
AIRLINK 128.50 Decreased By ▼ -0.56 (-0.43%)
BOP 6.83 Increased By ▲ 0.08 (1.19%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.09 Increased By ▲ 0.27 (0.66%)
DGKC 82.25 Increased By ▲ 1.29 (1.59%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 74.06 Decreased By ▼ -0.37 (-0.5%)
FFL 11.92 Increased By ▲ 0.18 (1.53%)
HUBC 109.60 Increased By ▲ 0.02 (0.02%)
HUMNL 14.12 Increased By ▲ 0.37 (2.69%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.47 Decreased By ▼ -0.25 (-3.24%)
MLCF 39.20 Increased By ▲ 0.60 (1.55%)
NBP 63.99 Increased By ▲ 0.48 (0.76%)
OGDC 193.25 Decreased By ▼ -1.44 (-0.74%)
PAEL 25.55 Decreased By ▼ -0.16 (-0.62%)
PIBTL 7.30 Decreased By ▼ -0.09 (-1.22%)
PPL 153.44 Decreased By ▼ -2.01 (-1.29%)
PRL 25.80 Increased By ▲ 0.01 (0.04%)
PTC 17.52 Increased By ▲ 0.02 (0.11%)
SEARL 81.50 Increased By ▲ 2.85 (3.62%)
TELE 7.64 Decreased By ▼ -0.22 (-2.8%)
TOMCL 33.41 Decreased By ▼ -0.32 (-0.95%)
TPLP 8.40 No Change ▼ 0.00 (0%)
TREET 16.42 Increased By ▲ 0.15 (0.92%)
TRG 56.85 Decreased By ▼ -1.37 (-2.35%)
UNITY 27.58 Increased By ▲ 0.09 (0.33%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,520 Increased By 74.5 (0.71%)
BR30 31,136 Decreased By -53.1 (-0.17%)
KSE100 98,353 Increased By 554.7 (0.57%)
KSE30 30,716 Increased By 235.4 (0.77%)

The apparel textile sector has raised concerns over the proposed merger of textile ministry with commerce ministry, saying the move is "alarming" for the ailing industry. Last week, Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) Central Chairman Javed Bilwani highlighted the industry's concerns in a letter to PML-N chief and prime minister in waiting Nawaz Sharif.
In his letter, citing information about merger of the two key ministries, Bilwani termed the proposed merger "alarming". He said that the textile ministry was established on the demand of value-added textile sector, which helped the country's textile exports flourish.
"If textile ministry is run successfully the country's export can grow up to $50 billion," the letter said emphasising that retaining of the ministry would reduce commerce ministry's burden and help the latter pay full attention to other export-oriented sectors.
Giving example of India, Bilwani said the country had a full-fledged ministry of textile which looked after cotton, jute, sericulture industry, wool and woollen sector, manmade fibre/filament yarn, technical textiles, clothing and textile exports, education (textiles/fashion), research and development. "Indian textile exports account for only 8.92 percent of the country's total exports but it has maintained the ministry whereas Pakistan with 53.27 percent of textile exports is considering merging the key ministry," the letter said.
Similarly, Bilwani said, Pakistan's key competitor, Bangladesh, had also a textile ministry to manage its exports. He further said that apparel textile sector was the backbone and lifeline of the country's economy with about 50 percent of total exports and generating 42 percent of the total employment. He asked the next premier to reconsider the decision of merging the two ministries.

Copyright Business Recorder, 2013

Comments

Comments are closed.