KARACHI, October 26, 2024: Pakistan’s garment and textile exporters should diversify export destinations by entering emerging and high-end markets, including Russia, Central Asia, and Middle Eastern countries. This was stated by CEM Altan, President of the International Apparel Federation (IAF), at a media briefing held on Friday at a local hotel.
Instead of exporting low-cost textile made-ups, Pakistan should focus on value-added products including garments, fast fashion, sports, and medical wear, President IAF, who represents 42 countries said.
At present, Pakistani exporters could capture export orders from Bangladesh, which is losing its exports due to political uncertainty and governance challenges, he said and added. Global fashion brands are exploring low-cost production countries that address ESG compliance and labourers’ rights, and established Pakistani brands could attract FDI from different countries.
Textile units should digitize the supply chain through tools like ERP systems, blockchain for transparency, and IoT to improve production planning and inventory management. He added that established brands should strengthen e-commerce platforms and encourage local manufacturers to enter global online marketplaces like Amazon, Alibaba, and Etsy to reach a broader customer base.
Former Chairman Pakistan Readymade Garment Manufacturers and Exporters (PREGMEA) Ijaz Khokar Pakistani exporters are planning to explore new markets, particularly Russia, which could fetch export value of the North American markets provided that the two countries establish its banking channels.
Not only exports of garments but Pakistani companies could also export leather goods and fashion wear.
He mentioned that Pakistani exporters have received orders from buyers of Bangladesh in recent weeks, and orders from South Asian countries will grow further in the coming months.
Under the banner of the Pakistan Readymade Garment and Exporters Association (PREGMEA), local textile and apparel producers are planning to organize the World Fashion Convention in Pakistan in 2026. This will be the second time that Pakistan will host this global mega-event, as the country hosted this event for the first time in 2019. This event will positively impact us in multiple directions. Hence, the government should support us.
The government should set up multiple research and development centres, textile clusters, packaging centres, and fashion design centres in collaboration with the private sector. These centres will strengthen garment and apparel producers and enhance their exports to different countries.
He mentioned that Pakistani exporters received an overwhelming response from TEXPO Pakistan, which will reflect in the export values. He added that Pakistan should also launch its TEXPO Pakistan in the regional hub of Dubai shortly to attract new buyers.
