Home »Cotton and Textiles » Pakistan » PCMEA seeks funds for international carpet exhibition

  • News Desk
  • Jul 24th, 2017
  • Comments Off on PCMEA seeks funds for international carpet exhibition
Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has urged the government to release the announced support grant of funds so that arrangements could be made for the upcoming carpet international exhibition in October this year. Addressing a press conference after the weekly meeting of the Association here on Sunday, Senior Vice Chairman PCMEA Riaz Ahmed has said that an encouragement has been received in the participation from international participants of the exhibition.

A positive response and cooperation from national institutions is very important to make the exhibition a success. Latif Malik, Saeed Khan, Major Akhtar Nazir (Retd), Khawaja Shakar were also present during the meeting. He informed the participants of the meeting about the preparations of the 35th International Carpet Exhibition, scheduled to be held in Lahore from 5-7 October this year. He said that major countries of the world including South Asian Association for Regional Cooperation (SAARC) member states are also scheduled to participate in the exhibition.

He was also expressed resentment over the cold shoulder of the government toward decrease of exports in the country. Riaz Ahmed has said that India was busy to reduce the Pakistani exports in international market and a huge sum of amount is being spent by Indian government to decrease the Pakistani exports. He said although a large number of incentives have been announced by the government to boost the country's exports, but the exports could not gained the desired results due to cold attitude towards the export industry. He also said that textile sector which is the backbone of the economy is slowly collapsing; therefore, the government should take note of the plight of this sector too.

He said that failure of trade diplomacy had one of the reasons behind dwindling exports which has forced the government to borrow from international lenders repeatedly to save the country from default. "Weak trade diplomacy and semi-educated export managers proved to be a double whammy for the export sector which was already reeling under various problems," he said.

Textile sector, the backbone of the economy is going down for which incompetent export managers who were appointed on political considerations are responsible for the current dismal situation, he added. On the occasion, he said that due to government support in Bangladesh, the country has reached the target of US 34 billion dollars, due to which the exports of the country are increasing on day by day. He said the Bangladesh government is trying to further expand the export by US 50 billion dollars.

He said that exports of the other countries are going well but local authorities get comfort in blaming the global recession. As compared, Pakistani exports are decreasing day by day, he said.



the author

Top
Close
Close