Pakistan textile exports likely to increase in the first year

The Pakistan textile exports likely to post 10 percent increase in the first year with clear possibility of doubling textile exports to $24 billion within the next five years with government announcing the country’s biggest export package worth Rs180 billion to enhance foreign trade. The export package would have salutary impact on textile exports.

The All Pakistan Textile Mills Association (Aptma) Punjab Chairman Ali Ahsan at a press conference said that before the package was finalised the prime minister had sought commitment from the millers on positive impact of the largest-ever export package.

Now the textile industry are in a position to face their competitors with confidence. Ahsan said that till now the industry is surviving on its better efficiencies and despite operating at huge disadvantage against competing economies continued to challenge them in the global market.

The package has been prepared with utmost care and every subsector of textiles has been adequately compensated.