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Pakistan's textile exports may fall $1.5 billion short of $17 billion target due to political instability and high costs.
Pakistan's textile industry, a key economic sector, is struggling to meet its export target of $17 billion due to political instability.
Despite a modest 0.93% growth last fiscal year, generating $16.7 billion, exports have reached only $15.43 billion in the first 11 months of 2024, with predictions of falling short of the target by about $1.5 billion.
Factors include lost orders and buyers shifting to more stable countries like Vietnam, along with high energy costs and product diversification issues.
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Las exportaciones textiles del Pakistán pueden caer 1.500 millones de dólares por debajo del objetivo de 17.000 millones de dólares debido a la inestabilidad política y los elevados costos.