Pakistan’s textile industry preparing
an export policy framework
Pakistan’s textile industry has started preparing a policy
framework to achieve an export target of $50 billion in five
years, according to All Pakistan Textile Mills Association (APTMA)
chairman Syed Ali Ahsan. This will attract huge investments and
generate direct employment for 15 million in line with the
manifesto of the present government, he said in Lahore.
Dispelling the impression that export of yarn was affecting
the value-added industry, Ali Ahsan said that it declined by 24%
in quantity terms in March. More than 80% of lower count yarn
(below 20) being exported was not in demand by the domestic
industry, Pakistani media reports quoted him as saying.
The variety of yarns required by the domestic industry was
available in abundance and any price rise of such yarns was
linked to global cotton prices.