Pakistan, Nov. 9 -- The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has expressed concern over the decline in Pakistan's exports to European markets despite enjoying preferential trade access under the Generalised Scheme of Preferences Plus (GSP+), urging the government to take immediate measures to restore export growth and protect the country's competitive position.

PHMA North Zone Senior Vice Chairman Izhar-ul-Haq said the decline in exports to key European destinations was a matter of serious concern, particularly when the country had been granted preferential market access to strengthen its trade relations with the European Union.

He said the latest export performance highlighted the need to address structural w...