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Aptma urge govt to enable textile industry undertake $1b investment yearly

Related Keywords: APTMA, double textile exports, enable to undertake investment, investment initiatives, lower cost of doing business, produce exportable surplus, reduce burden of taxes on exports, textile and clothing exports declined, urged government to resolve textile industry issues, USD one billion per annum

All Pakistan Textile Mills Association (APTMA) Punjab chairman Aamir Fayyaz pointing out that the textile and clothing exports of Bangladesh and Vietnam have registered an increase of $2 billion and $4 billion respectively against Pakistan’s textile and clothing exports which has dropped by $1 billion during the same period has urged the government to resolve the textile industry issues and enable the industry to undertake investment worth $1 billion per annum.

Textile Policy 2014-19 approved by ECC to enhance exports to $26bn by 2019

Related Keywords: Abbas Khan, approved by ECC, boost economy, boost exports, create employment, double textile exports, Export Refinance Scheme, focus on value added products, Long-Term Financing Facility, Pakistan textile and clothing sector, production chain, resolve energy crisis, Textile Minister

The Pakistan textile industry finally gets its new Textile Policy 2014-19 as the Economic Coordination Committee of the Cabinet (ECC) gives approval. Announcing the new textile, the Textile Minister, Abbas Khan on Monday said that an amount of Rs 64.15 billion was proposed for next five years against the allocation of Rs 188 billion for the last textile policy 2009-14. This is help boost country’s exports of textile and clothing sector to $26 billion by 2019 from $13 billion.

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