PHMA urges govt to adopt export-friendly policies
KARACHI: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Friday said that the high manufacturing costs, difficulties in business operations, policy hurdles and an uneven playing field were undermining the competitiveness of the country’s export industry, despite apparel and textile exports rising by 44 percent over the past decade. In a statement newly elected PHMA Central…
The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has urged the government to adopt export-friendly policies to boost the country's export industry. Despite a 44% increase in apparel and textile exports over the past decade, PHMA leaders cited high manufacturing costs, difficulties in business operations, policy hurdles, and an uneven playing field as major challenges to the sector's competitiveness.
With textile exports rising from USD12.447 billion in 2015-16 to USD17.933 billion in 2025-26, and total exports increasing from USD20.787 billion to USD30.139 billion, the PHMA emphasized the need for export policy continuity and the reduction of manufacturing costs to enable Pakistani exporters to compete effectively in the global market.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
