Federal Textile Secretary Zafar Mahmood stated this in reply to a query made by journalists at the inaugural of fifth Textile Asia 2008, an international textile & garment machinery show.
He added that owing to these reasons the textile exporters failed to deliver orders that they had received earlier from different countries causing a slowdown in textile export.
As a matter of record, the textile exports of country declined almost three per cent to $6,831,592 thousand in the first eight months of current fiscal from $7,037,395 thousand in the corresponding period of last fiscal, according to Federal Bureau of Statistics of Pakistan.
The exhibition is a four-day official event of Federal Ministry of Textile Industry, which would remain open till Monday, April 07, evening, at Karachi Expo Centre.
Around 132 exhibitors including 50 from Pakistan are displaying 500 brands of different companies and countries. Major exhibitors are from Italy, Germany, Switzerland, Spain, UK, India, Japan, China, Korea, Taiwan and Turkey.
Some 273 foreign delegates from 27 countries are visiting this event, which is being held on an area of 12,000 sq meters ay Expo.
Federal Textile Secretary further said that the event was of great benefit to local textile players, as they required state-of-the-art machinery to make their business competitive at the regional level. And for that purpose they have to go nowhere. They can see and buy that innovative equipment at this exhibition, he added.
The reason behind production of low quality and quantity of cotton in the country was said to be the smuggled sowing seeds, he informed.
As far as the delay in Textile Policy is concerned it had been prepared at the end of Shaukat Aziz era. The interim minister did not announce it as well as it was not his job. Now, the newly installed government would unveil this policy very soon, Mahmood explained.