Exports in Pakistan fall short on target

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ISLAMABAD:

Pakistan’s exports of merchandise fell short by over $2.8 billion in the fiscal year (outgoing), the third consecutive year in which PML-N failed to achieve targets.

The government had projected an export target of $27bn for 2014-15, but actual export proceeds stood at $24.2bn.

One of the major factors of decline in exports is concentration of exports in textile and clothing which constitute as much as 50pc. Exporters blame the ministry of textile industry for its failure to guide the industry.