Pakistan vision 2025 to help boost textile exports

YarnsandFibers News Bureau 2014-08-18 16:20:00 – FAISALABAD

Pakistan requires economic transformation for which the Vision 2025 was launched which will provide the base. The Vision 2025 is a road map designed to develop the country into economically strong and prosperous nation and enhance exports to USD 150 billion by 2025, according to Textile Exporters Association (PTEA).

Implementation of this long term development plan has the potential to put Pakistan on sustainable economic growth as well as improve its global competitiveness and bring prosperity to the country.

PTEA said that the seven pillars of Vision 2025 which include developing human and social capital, achieving sustainable indigenous & inclusive growth, governance institutional reforms and modernization of public sector, energy water and food security, public sector-led growth & entrepreneurship, developing a competitive knowledge economic through value addition, modernization of transportation infrastructure and greater regional connectivity, if fully implemented, will help Pakistan to be an economic power on the globe.

Sheikh Ilyas Mahmood, Chairman of PTEA said that technology has been as one of the main hurdles holding back Pakistan from achieving rapid socio-economic development and to ensure sustainable growth of the country Government should focus on introducing latest technologies in all sectors.

But with the Vision 2025 programme emphasizing on entrepreneurship development and private sector-led growth. The government should take all possible measures for enhanced role of private sector through policy measures and facilitation so that the private sector organizations and entrepreneurs can contribute more effectively to the growth of economy and development of the country.

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