Textile-apparel exports likely to hit US$15 billion

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 (APTMA), who’s 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.

 

 
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