Textile exports are down in the EU, US and UK
Islamabad: Pakistan’s textile and apparel exports suffered a broad decline in its three biggest markets, the European Union, the United States and the United Kingdom, in the first half of 2016, signaling a deepening competitiveness crisis for the country’s biggest export sector. Pakistan Textile Council (PTC) chairman Fawad Anwar said the downturn is not limited to a single product or destination but reflects systemic weaknesses in the cost of doing business, according to a statement issued on Wednesday. Textiles and clothing, Pakistan’s largest export industry, face immediate risks to foreign exchange earnings, employment and industrial capacity utilization, he warned. An






