Implementation of the textile policy will not only bring in new investment, it will also enable the industry to achieve the target of $30 billion exports in the next five years, said All Pakistan Textile Mills Association (Aptma) group leader Gohar Ejaz.
While addressing the 64th Annual General Meeting of Aptma Northern Zone on Wednesday, he said ad-hoc policies will not help strengthen exports of the country and “time has come to implement a long-term textile policy.” Ejaz was of the view that Pakistan has an export potential of $50 billion provided that the local industry has regionally competitive energy tariffs and business-friendly environment.
The outgoing Aptma Punjab Chairman Adil Bashir urged the new leadership of the association (Punjab zone) to focus on the removal of upfront incidentals on the import of raw materials both cotton and polyester which is short for industry consumption.
Bashir stated that there is a need for further investment so the industry can achieve growth and production of exportable surplus to double the exports, which included fast-track establishment of integrated textile and apparel parks equipped with all the facilities for local and foreign investors and maintaining a market-driven exchange rate policy.
Published in The Express Tribune, October 1st, 2020.
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