Twirp : Terrorist Wahabi Islamic Republic Pakistan

[Naresh]

[center]<b><span style='font-size:21pt;line-height:100%'>Textile fears $1b shortfall in exports</span></b>[/center]

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI - Pakistan’s textile industry has estimated a shortfall of around one billion dollars in its exports in the current financial year because of three major factors - cotton crisis, energy crisis and political chaos in the country.

In FY08 the overall textile exports were projected around 11.40 billion dollars as against 10.40 billion dollars in FY07.

But due to severe energy crisis, shortage of cotton, political uncertainty and deteriorating law and order situation have badly undermined the textile sector’s capability of increasing exports to over and above the last financial year’s benchmark.

Sources in the textile sector told The Nation on Friday that in 2007-08 the industry even would not be able to reach the level of 10.40 billion dollars exports achieved in FY07.<!--QuoteEnd--><!--QuoteEEnd-->

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