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Soaring costs force PHMA to seek export support
KARACHI: The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Thursday urged the federal government to provide temporary export support of 6-8 per cent of the free-on-board (FoB) value of shipments and take immediate measures to curb rising production costs, warning that mounting financial pressures are threatening export orders, international buyers and Pakistan’s market share. At a consultative meeting convened by the Ministry of Commerce to discuss ways to sustain apparel and textile exports, PHMA Central Chairman Syed Zia Alamdar Hussain called for coordinated policy me...
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