Pakistan’s textile exports grow

In the 2013-14 fiscal year, Pakistan’s textile exports reached US$13.8 billion, a year-on-year increase of 3.95%. Among them, thanks to the EU’s super GSP treatment, textile exports to the EU reached 5 billion US dollars, a year-on-year increase of 18%, while exports to other countries fell by 3.5%. Pakistan’s Ministry of Textile Industry stated that due to unstable tax systems, insufficient energy supply, high interest rates and other reasons, investment in the textile industry is on a downward trend, and the energy crisis has led to the closure of some textile factories.