Innovation will help boost textile sector
September 29, 2016
Highlighting the dire situation faced by one of Pakistan’s key export orientated sector, the Lahore School of Economics conducted a research that concluded that the textile sector requires a continuous flow of technological innovations.
The research suggested the sector needs to constantly engage in product modernism to sustain its market share in global trade.
The textile sector, which aimed to double its exports from $13 billion to $26 billion after the European Union granted generalised scheme of preferences plus status to Pakistan from January 2014, is witnessing a gradual downfall after merely touching export revenue of $13.8 billion in fiscal year 2013-14. Textile exports in fiscal year 2015-16 stood at $12.45 billion.
Read more »Labels: Industrial Technology, International Trade, Lahore School, Pakistan, Research, Textile
posted by S A J Shirazi @ 9/29/2016 10:41:00 AM,
Study finds govt’s focus on exporters rightly placed
September 09, 2016
Developing countries have sought to promote exports as a growth strategy since they are both – a source of higher demand and of coveted foreign exchange. Proponents of trade liberalisation argue that there is a positive relationship between openness of economy and productivity of its firms.
A research conducted by the Lahore School of Economics suggests that this works through the introduction of imports that increases competition and lowers the average cost of production due to the exit of low-productivity firms.
Read more »Labels: Export, Industrial Policy, Industrial Technology, Lahore School of Economics, Pakistan, Research, Textile
posted by S A J Shirazi @ 9/09/2016 01:28:00 PM,
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