Textile-apparel exports likely to hit
Pakistan’s textile and apparel exports are likely to rise to
US$ 15 billion during the remaining period of the current
fiscal, according to the All Pakistan Textile Mills Association
Chairman Syed Ali Ahsan recently appreciated the
government for recognising the export sector and providing
regionally competitive energy to five sectors.
APTMA Patron-in-Chief Gohar Ejaz said the availability of
energy at competitive prices has increased textile exports by
8.5% in January, 2019 compared to the corresponding month of the
previous fiscal. The annual exports of US$ 3.5 billion worth
yarn and fabric may boost textile exports to US$ 14 billion.
He urged the government to constitute a task force on cotton
production to achieve 15 million bales and ensure its
enhancement, sustainability, acquisition of high yield cotton
technology, and provision of agricultural extension services.
He said government should liquidate all textile Industry
refunds of sale tax, income tax, and policy and package
initiatives. Integrated textile and apparel parks should be
established and a special task force on the revival of closed
mills is critically needed.