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Pakistan - Textile Machinery Imports Fall On Sluggish Business Activities

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زمان جاری : چهارشنبه 02 اسفند 1396 - 12:29 بعد از ظهر
نام کاربری : پسورد : یا عضویت | رمز عبور را فراموش کردم



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Pakistan - Textile Machinery Imports Fall On Sluggish Business Activities
The imports of textile machinery slumped by 15.4 percent during the first half of the fiscal year due to the phenomenal decrease in textile exports and output capacity in view of worst law and order situation and severe energycrisis.
According to official data, machinery worth $193.864 million was imported during July-December FY13 compared with import of $229.272 million during the same period last year. In December 2012 alone, the machinery imports fell by 55.6 percent to $30.5 million from$68.755 million in December last.
According to Haroon Agar, president of the Karachi Chambers of Commerce and Industry, overall investment in theindustrial sector slowed down because of multiple reasons.
Agar, who is an industrialist, said that energy shortfall coupled withlaw and order situation in the business hub of Pakistan had deprived the business communityof the confidence that they wouldrecover their investment. Therefore, there was no expansion, he added.
Farrukh Hussain of Farrukh Engineering, a machinery retailer, said that due to low demand they were more into importing spare parts and components rather than the machinery.
An office bearer of the Pakistan Hosiery Manufacturers and Exporters Association said that manufacturers have started exporting their functional machinery to Bangladesh becauseof growing issues of energy and routine violence in Karachi.
He said how the manufacturing units in Karachi and Punjab could expand their size when everyday violence and worst electricity and gas shortages brought down their production capacity to 50 percent.
“Knitting textile machinery was being exported in a large numberto Bangladesh with its dying plants,” he said.
An official at the Trade Development Authority of Pakistan said that investors were ready to relocate their existing manufacturing setups to Bangladesh and elsewhere in the world if the present situation did not improve to help the businesses grow.
He said foreign buyers were not interested to visit Pakistan because of insecurity though the country’s quality production was recognised worldwide.
Zubair Chahya of Karachi Association of Trade and Industrysaid that the production observeda massive decline due to the energy shortage and hooliganism.

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سه شنبه 10 بهمن 1391 - 15:51
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