Export Promotion Bureau Chairman Tariq Ikram has said the export target of $40 billion within next five years is easily achievable if an export strategy is prepared targeting for the world market share of 5% from the present 3%. Speaking at the eighth Export Excellence Award of the Pakistan Readymade Garments Manufacturers and Exporters Association, Mr Ikram refuted the notion that the textiles and garment sector had lost its importance in the government planning and exports. On the contrary, he said textiles and garments were still backbone of country’s economy and looking to the developing worldwide scenario on textiles and clothing by the year 2014, the volume would rise to $800 billion from the present level of around $400 billion. During the last six years, he said country’s textiles and clothing exports registered an 85% growth as against average growth of about 16% per annum in the past. However, he stressed upon the need for introducing technologies and improving upon manpower and manufacturing skills, as all these factors were essential for creating efficiency and containing cost of production.