Pakistan’s export of non-textile products witnessed a negative growth of 13.59 per cent during the first four months of the current fiscal year from a year ago.
In absolute terms, export proceeds from these products fell to $3.370 billion in July-October 2014 from $3.90bn in the corresponding months of last year.
In the 2014-15 budget, the government announced the provision of subsidies on export of nine value-added non-textile products, but the decision has yet to be notified by the government despite a lapse of three months.
The subsidy scheme was announced for leather manufacturers, footwear, sports goods, surgical, engineering goods, furniture, meat and meat products, fish products and cutlery.
Exports from the non-textile sector are witnessing a declining trend since July 2014, but the ministry of commerce is yet to take corrective measures for arresting such a steep decline.
Last year, export of non-textile products reached $11.40bn from $11.42bn in the previous year, showing a decline of 0.18pc.
Product-wise details show a decline of 23.88pc year-on-year in export of petroleum products.
