High costs & red-tapism force textile exporters exodus to B'ldesh
07 Feb '06
2 min read
Markets to the EU and the United States is a problem, too, he pointed.
Generalized system of preference (GSP) plus status; a special rebate that is offered to vulnerable countries, is denied to Pakistan while Bangladesh enjoys it.
Minister Cheema informed that Islamabad is formulating a long term textile policy to access international markets, and plans to build textile cities in Karachi and Lahore, to boost the textile industry.
However, it was imperative on part of the government to act fast, sources said.
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