Pakistan’s exporters especially textile industry has urged to government to take concrete steps to alleviate the pressure the industry is under.
As a result of COVID-19 outbreak markets all across the world are closed and orders have been halted which means that they are not going to take any shipments for the next 90 days and will also not paying for shipments made during the last 30 days. International chains like, GAP, Zara and Lewis are asking the vendors/Pakistani exporters to hold shipment, which implies that if shipment is on hold, exporters will face liquidity crunch.
Ijaz Khokhar of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) is of the opinion that the government should sit with the stakeholders either through physical presence or video conference to prepare a well-coordinated Plan B to deal with the crisis as about 3 million manpower of garments sector is out of a job.
All Pakistan Textile Mills Association (APTMA) has also written a detailed to Abdul Razak Dawood explaining the problems and asking for a viable and quick solution.
