Textile exports to be bolstered by the EU

LAHORE: The European Union will assist the local textile industry to work towards ensuring sustainable growth of the country’s textile sector.

invest with imarat

Islamabad’s emerging city centre

Learn More

“Pakistan needs to prepare itself to meet the challenges of sustaining the Generalised System of Preference Plus (GSP+) status so as to avail the opportunities of increasing exports to the EU,” the union’s Ambassador-Designate to Pakistan Ms Androulla Kaminara said while speaking at a meeting with the All Pakistan Textile Mills Association (APTMA) on Tuesday.

With the grant of GSP+ status in 2014, exports to the EU grew by 62%, with significant growth in the early years, but for the last three years, it has stagnated at €5.514 billion.

The main reason was the relocation of buying houses of major retailers and brands to other competing countries and the high cost of manufacturing in Pakistan. However, the present government has implemented special measures to boost industrialisation and exports to revitalise the business scenario in the country.

Kaminara said the global consumer outlook had seen a significant shift and has become socially responsible. “There is no doubt that Pakistan has a vast potential to double its exports. However, perception management is the key for the government and industry to maintain and sustain,” she maintained.

For more news and blogs, visit graana.com.

Maham Tahir

Recent Posts

Chaaye Khana Unveils First-Ever Rooftop Outlet at Amazon Mall with Panoramic Views

ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…

16 hours ago

PM Shehbaz Inaugurates Murree Road Underpass Project

ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…

1 day ago

Pakistan Emerges as Prime Investment Destination, Say Real Estate Developers at Dubai Property Show

DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…

2 days ago

CDA to Transform Park Road Nursery Under Rs652 Million Gardenia Hub Project

ISLAMABAD: Capital Development Authority (CDA) is currently undertaking a major Rs652 million project to upgrade…

6 days ago

Citywide Anti-Encroachment Drive to Begin in Karachi

Karachi – Mayor Barrister Murtaza Wahab has announced the launch of a citywide anti-encroachment operation…

6 days ago

CDA Chairman Orders Revival of 23 Water Fountains with Artistic Lighting

ISLAMABAD: CDA Chairman Muhammad Ali Randhawa has directed the immediate restoration of 23 non-functional water…

7 days ago