Muhammad Jawed Bilwani, Central Chairman of Pakistan Hosiery Manufacturers and Exporters Association (PHMA), has expressed optimism that the knitwear garment sector will be able to increase its exports by 20% in the next six months provided the government meets its promises.
Knitwear Garment sector’s share in the Global Market is 30%. During the last six months of the present fiscal year, Pakistan’s Knitwear Garments exports have shown growth of 10.5% and stand on top in the textile group and other sectors.
Jawed Bilwani pledged that upon receipt of payments against refunds and with assurances of uninterrupted supply of gas and electricity, this sector will increase its exports to 20% in the next six months.
Jawed Bilwani looked forward to the government revealing its plan of releasing refunds under the Drawback of Duties and Taxes (DDT) scheme as it was critical to encourage an increase in exports.
Bilwani also welcomed the withdrawal of import duty on hundreds of raw materials used for manufacturing export products.
