President Alvi terms textile sector
President Dr. Arif Alvi has said that textile sector was the
lynchpin of Pakistan’s economy.
Talking to the delegation of All Pakistan Textile Processing
Mills Association (APTPMA) in Faisalabad, Dr. Arif Alvi said
that textile sector was contributing 60 per cent in Pakistan’s
total exports and 40 per cent in industrial employment.
According to a statement issued from his office, the
president appreciated the role being played by private sector,
particularly the APTPMA in economic development of the country.
He further said that the government was formulating strategic
trade policy framework (STPF) for the next five years with focus
on reducing cost of production and encouraging investment into
The president said, “To fully utilize the potential of
textile value chain, the government is also drafting textile
policy for the period 2019-24.”
He emphasized that business community to play their active
role in encouraging businessmen to pay all their taxes so that
budget deficit could be reduced and more funds could be
allocated for development work.
He highlighted that the tough economic conditions of the
country call for difficult decisions and added that the
government was committed to improve the economy.
Dr. Arif Alvi said, “The government is endeavoring to
reduce the trade deficit by curbing import of non-essential and
luxury items and by reducing the cost of doing business. The
Government has rationalized the prices of gas, RLNG and
electricity for zero-rated export-oriented sectors i.e. textile,
leather, carpets, surgical and sports goods and introduced sales
tax zero-rating regime for the same.”