Government urged to import cotton through Wagah border

The Lahore Chamber of Commerce and Industry (LCCI) unfurled two-pronged strategy to bring the crises-hit textile sector out of mire. The chamber suggested that the Government should allow import of all types of cotton through Wagah Border besides, controlling the prices of polyester fibre, as in the absence of these measures it is not possible to ensure supply chain.

In a joint statement issued after a meeting of Standing Committee on Textile Sector, the LCCI President Shahid Hassan Sheikh, Senior Vice President Yaqoob Tahir Izhar, Vice President Mubasher Sheikh and Chairman Textile sector Standing Committee Younas Sheikh said that the textile sector is the biggest industrial sector of the country having 60% share in total exports, 27% in industrial value-addition and provides 38% employment but had been suffering a lot for the last many years due to wrong policies of the policy makers.

The LCCI office-bearers said that it is quite strange that the measures announced by the government in the federal budget could not be implemented so far due to which its exports had been showing declining trend.