PAKISTAN: Textile exports can touch $15bn mark

Pakistan: Pakistan’s textile exports can rise to at least $ 15 billion in next two years from the present figure of $ 9 billion per annum by ensuring uninterrupted supply of gas, electricity and water at the affordable and supportive prices to the textile industry along with availability of standard infrastructure, matching incentives and facilities. 

Chairman All Pakistan Textile Processing Mills Association Abdul Shakoor Khatri Thursday said Pakistan could take full advantage of global cotton shortage and should make the best use of its world known spinning sector that has capability and potential to make the country as leader in spinning yarn production in the world. 

He said Pakistan should focus on high value adding textile products instead of exporting cotton and yarn. 

He said textile industry especially the processing mills were facing serious problems which need to be immediately addressed in the greater national interest. He urged the government to withdraw duties on finishing chemicals, which were imported from USA, Europe and Japan. Similarly, another raw material named textile thickeners being imported from India be placed on the free import list in bilateral trade and be made duty-free. 


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Added: February 25, 2011 Source: YNFX
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