Pakistan Textile Industry Calls On Government To Increase Support For Textile Industry

According to the news of the economic and Commercial Counsellor's office of the Chinese Embassy in Pakistan, Pakistan's forum express reported that textile exports in Pakistan reached US $3 billion 300 million in the first quarter of this fiscal year, which is expected to achieve the goal of exporting US $13 billion 300 million over the previous fiscal year in the current fiscal year.

Reported that Pakistan is a large textile country with a long history of textile manufacturing and a large number of cheap labor force, but the export volume of Pakistan textile products is not high, especially compared with some Southeast Asian countries, such as Bangladesh textiles annual export volume of 39 billion dollars, Vietnam is 38 billion dollars.

The textile industry in Pakistan called on the government to increase its support for the textile industry. First, the implementation of a fair tax and rebate system will give more tax incentives to the textile industry. Two, it is necessary to strengthen the use of foreign capital and encourage foreign investors to invest in the textile industry. Three is to improve the textile design and Fashion Institute, and enhance the level of technology and talents in the industry.