Pakistan News And Discussion-9

[Guest]

[center]<b><span style='font-size:21pt;line-height:100%'>Muslim League Attack on Sikhs and Hindus in the Punjab 1947</span></b>[/center]

[center]<b><span style='font-size:14pt;line-height:100%'>Compiled for the SGPC
by
S. GURBACHAN SINGH TALIB</span></b>[/center]

IMHO, this should be on the First page of the following Threads :

1. Pakistan News and Discussion

2. Radicalisation Of Indian Muslims

3. Islamism
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<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Missing the big picture</b>At a time when Pakistan’s sprawling textile industry was confidently expecting large-scale increase in its exports, following the end of the textile quota, the foreign sales have come down by over 10 per cent during July-September compared to the same period last year.

According to present negative trends, the current quarter’s export performance, it is feared, may turn out to be far worse. Urgent remedial measures have to be taken by the government, industry and exporters, if the adverse trend is to be reversed decisively

<b>The fall in Pakistan’s textile exports has come at a time when not only South Asian <span style='color:blue'><i>[call it India]</i> competitors in this sector are doing very well but even Cambodia in the Far East </span>is said to be exporting more textiles than Pakistan</b>.

This has happened despite the<b> investment of five billion dollars on the expansion and modernisation of the industry and a million dollars more on the erection of factory buildings.</b>

And this has happened despite the assertion of the ebullient textile industrialists that they will do far better in a textile quota-free world.

While <b>Pakistan’s overall exports rose by only 2.9 per cent </b>in the first quarter of this financial year, <b>Indian exports went up by 37 per cent </b>in the first half of its financial year ending September 30. <!--emo&--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->

Pakistan’s July- September textile exports were for $2.449 billion against $2.73 billion in the first quarter of last year.

Official figures show <b>that export of almost all textile items, except cotton yarn and cotton carded, recorded a negative growth </b>despite the recent support package, fiscal and financial, announced by the government
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Too bad, it will hurt them big time.