$19.2 billion textile export target

Textile export target of US $19.20 billion would not be achievable in the face of shortage of raw material, the apathetical approach and numerous procedural irritants, said Mian Zahid Aslam, Chairman Pakistan Textile Exporters Association (PTEA).

He said that an immediate solution to the crisis is the withdrawal of import levy on manmade fibre and raw material import from any source and country without any hindrance.

He further stated that due to unrealistic and defective tax policies, the cottage industry, which was the main supplier in export goods chain, has collapsed. Due to this fact the exporters are facing difficulty in procuring cheaper cloth for value addition and export.

Anti dumping duty on Pakistani textile in European Union was also greatly hampering the textile exports from the country.