Mango, cotton and power looms industries are facing severe crisis in absence of facilities par to international standard, industry sources said. These industries are threatened with cloudy future due to surge in imports and fall in the export orders.
Sources maintained that the trade balance between the imports and exports has been risen up to 100 percent. The export target set for the year 2007-08 was about US $20.2 billion that has to be reduced at a later stage and a continuos decrease in export volume has aggravated the country's economy.
Further, sources said that earlier, during last few years, Pakistan happened to be among the countries that export cotton but now from the last couple of years it is importing cotton to meet the national requirement.
Pakistan exports mangoes of about US $1 billion but a continuous decline in its export volume have been recorded from the last couple of years. Similarly, Power looms industry has failed to achieve export targets during last few years, sources added.