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Govt shuns textile appeal

机译:政府回避纺织上诉

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The first national budget the new elected government unveiled this month completely ignored the advertising campaign the textile industry launched in the national media last month to persuade the government to continue with the financial support it has been giving to the industry in the form of a Research and Development fund. The scheme is due to run out at the end of this month. Introduced two years ago the R&D scheme was specifically directed at helping textile exports to such markets as the US, the EU, Canada, Switzerland, Singapore and some others in South America so that Pakistan's textile industry could hold its ground, if not strengthen its foothold, in these markets in the face of stiff competition from China, India, Bangladesh, etc. The level of support varied between 6% and 3% depending on product and market. The budget that the finance minister Naveed Qamar presented to Parliament on June 11 contained no allocation for continuing the R&D support even in a revised form. The reason for the government's tough stance is said to be the bleak performance of the textile sector. Textile exports have continued to decline despite the two-year long support program. In the first 10 months (July-April) of the current fiscal year, textiles and garments export amounted to only US$8.7 billion which was 2% behind its year-ago level and nearly 30% behind the year's target of $ 12.2 billion. With such weak performance, total textile and garment exports in the full year might fall behind the $10.8 billion of the previous year.
机译:新当选政府本月公布的首个国家预算完全忽略了纺织行业上个月在国家媒体上发起的广告宣传活动,以说服政府继续以研究和开发的形式向纺织行业提供财政支持。发展基金。该计划将于本月底用完。 R&D计划是两年前推出的,专门用于帮助纺织品出口到美国,欧盟,加拿大,瑞士,新加坡和南美其他一些国家,以便巴基斯坦的纺织业即使不巩固其立足点也可以稳固自己的地位在这些市场中,面对来自中国,印度,孟加拉国等的激烈竞争。根据产品和市场的不同,支持水平在6%和3%之间变化。财政部长纳韦德·卡马尔(Naveed Qamar)在6月11日提交给国会的预算中,甚至没有以修改后的形式继续进行R&D支持的拨款。据说政府之所以采取强硬立场,是因为纺织部门的表现不佳。尽管有为期两年的长期支持计划,纺织品出口仍继续下降。在当前财年的前10个月(7月至4月),纺织品和服装出口总额仅为87亿美元,比去年同期下降2%,比年度目标122亿美元下降近30%。由于这种疲弱的表现,全年纺织品和服装的出口总额可能会低于上一年的108亿美元。

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