8/13/2019 Pak Textile Units Relocate to Bangladesh

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Over 40pc Pak textile units relocate to Bangladesh

Sabir Shah

Monday, April 30, 2012ro! Print "dition

LAHORE: Having a Gross Domestic Product (GDP) of $282 ! "i##ion in Purc asing Po%er Parit&terms and aving e' erienced a gro%t rate of * ercent during 2+,,- .ang#ades as "eengiven ta'/free access to *0 countries inc#uding t e Euro ean 1nion- anada and Austra#ia- % icis one of t e 3e& reasons % & a #arge num"er of Pa3istani te'ti#e units ave re#ocated in recenttimes to t is one of t e #argest de#tas of t e %or#d %it a o u#ation of over ,42 *2 mi##ion

#ot only does $extile Minister Makhdoo! %haha&uddin &elieve that the !ain reasons &ehind theshi'ting o' textile industry to Bangladesh (ere not electricity, gas outages and po(er tari''s in Pakistan,

&ut the pre'erential treat!ent o' )haka in the "uropean *nion and the *nited %tates, ho(evernu!erous textile !agnates have also endorsed this vie(point +uite regularly

-n .anuary 2012, %haha&uddin (as (idely +uoted in national !edia outlets as saying/ Bangladesh is a

privileged country as it has &een counted a!ong least developed nations &y the "* and *%

-t has &een given 'acilities and its textile sector has &een sponsored and supported 'inancially &y the &igecono!ic po(ers More than 40 percent o' the Pakistani textile industry and around 200,000 po(erloo!s have &een shi'ted to Bangladesh in the last 'ive years, causing e!ploy!ent pro&le!s -n the(hole Pun a&, 200,000 'a!ilies have thus &een directly or indirectly a''ected

$he incu!&ent Pakistan People s Party PPP5 govern!ent, &y the (ay, is see!ingly !ore interested in'ighting (ith courts and covering the !isdeeds o' its stal(arts, instead o' paying a little attentionto(ards the grievances o' the ailing textile sector that continues to set sails 'or Bangladesh

And (hen textile tycoons sho( lackadaisical attitude and disinterest, (e all kno( that the (holeecono!y su''ers, the national &ourses turn &earish, the do!estic invest!ent su''ers, the exports plunge,the &udgetary revenues nosedive and the une!ploy!ent surges

According to the 6-A 7orld act Book, the Bangladeshi econo!y has gro(n &et(een 'ive and six

percent every year since 1889 despite political insta&ility, poor in'rastructure, corruption, insu''icient po(er supplies and slo( i!ple!entation o' econo!ic re'or!s

$he latest March 2012 edition o' 6-A 7orld act Book states/ Bangladesh s gro(th (as resilientduring the 200:;08 glo&al 'inancial crisis and recession 08and re!ittances 'ro! overseas Bangladeshis, totalling =11 &illion in >10, accounted 'or al!ost2? percent o'

8/13/2019 Pak Textile Units Relocate to Bangladesh

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