President Of Pakistan: Optimistic About Export Of Textile Industry

Pakistan President Asif Ali Zardari believes that the country

The potential export value of the industry is up to US $100 billion, much higher than the industry target of US $20 billion, and we call it an important industry that needs to develop in all ways.

In full

At the annual dinner of the textile industry held by APTMA, Zardari said that textile and

The Department is a pillar industry of Pakistan's exports and a symbol of the outstanding performance of Pakistan's manufacturing industry.

The regional interest rate in competition has become a necessity. The Ministry of finance of Pakistan, the State Bank of Pakistan and the whole Pakistan textile mill association should jointly formulate appropriate measures to achieve sustainable development of the industry, promote export growth and improve employment rate.

At the same time, he also praised outstanding entrepreneurs.

As a result of counter-terrorism operations and related issues, these enterprises operating in Pakistan are facing high costs.

All Pakistan

Muhsin Aziz, chairman of the association, said that the textile industry accounted for more than 53% of the total export volume of the country, accounting for 8.5% of the gross domestic product, providing 15 million jobs directly and indirectly.

He expressed his gratitude to the federal government of Pakistan for accepting this association's proposal and responding positively, so that it could play an important role in the operation of the Pakistan Central Cotton Commission (PCCC).

Muhsin said that the all Pakistan Textile Mills Association is willing to accept the increase in cotton tax rate.

The contribution of the research will increase from 200 million rupees to 600 million rupees.

He thanked the president for making a commitment to ensure energy supply in the textile industry, and was able to accept the closure of production facilities, the decline in exports and the decrease in employment resulting from 180 days of natural gas supply interruption and overloading of electricity.

As a result of these setbacks, the textile industry suffered 30% of its capacity losses.

He asked the federal government to give priority to the supply of natural gas and electricity in the textile industry, followed by the direct consumers of these energy sources.