The apparel and textile industry of Pakistan is expected to see its exports increase to US $ 15 billion in the remaining period of the present fiscal year.
This was stated by Syed Ali Ahsan, Chairman, All Pakistan Textile Mills Association (APTMA) while addressing a press conference at APTMA office in Punjab on 22 February 2019.
The Chairman applauded the government for giving recognition to the industry and also providing regionally competitive energy to as many as 5 zero-rated sectors.
He added that the Government of Pakistan should ensure that energy is supplied at regionally competitive price so as to bring more stability.
He said that if the textile industry exports continue to grow by 10 per cent, then the exports in all probability can exceed US $ 15 billion, which would be a record achievement.
He also added that the exports of US $ 3.5 billion yarn and fabric yearly may enhance textile exports to US $ 14 billion in case closed capacity worth US $ 3 billion exports is revived through the enablers ensured by the Pakistan government.
There was also a proposal to form a task force on the production of cotton to achieve 15 million bales and ensure implementation of vertical and horizontal growth of cotton. Besides, he also demanded creation of a special task force to revive the closed textile mills.