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The target has apparently been achieved as exports increased to $8.85 billion from July to February FY18 compared to $8.18 billion in the same period of previous year. However, some analysts believe that the growth might have been falsely recorded by the exporters, who have shown inflated receipts in order to receive government incentives. On back of textile and cement’s demand, gross advances improve Motiwala did not agree with the notion, saying exports from Pakistan had increased by extending monetary gains of the export package to buyers abroad. Lower prices of Pakistan’s products in the international market have been the reason behind higher exports. But according to an analysis, the international textile industry is highly competitive and Pakistan’s competitors in textile trade, who are mainly from China, India, Vietnam or Bangladesh, would not let the country enter their established markets. Handing over cotton body’s control: Bypassing cabinet, Textile Division issues notification The competitors are expected to respond to the short-term price reduction from their Pakistan counterparts. According to textile industry players, the government over the past five years has made efforts to come up with schemes and plans, but failed in their strategic implementation. Delay in payment of tax refunds has also disappointed the industry. APTMA puts forward proposals for textile industry “Exports didn’t get better due to government efforts, but due to depreciation of the rupee against the US dollar. This is not the right way to increase exports. It would have been an achievement had exports increased with a stable rupee,” Motiwala remarked.
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