Page 4 - August-September-2018

05

New Textile Policy, Government
to promote export-led growth

The PTI government is actively industry must be regained, the
working on a new textile package share which has been long lost in
Editor-in-Chief to increase exports. The payment the international marketplace.
Yousaf Fareed of refund had been pending for the
last many years and hopefully it A total of 46 potential sites have
Editor would also be settled once for all been identified in Pakistan for
Hassan Saeed by December 2018. establishment of Special Economic
Zones (SEZs) along various routes
Sub-Editor The PTI Government has come into of the China-Pakistan Economic
Ezzah Aqeel power it has paid Rs25.7 billion to Corridor (CPEC). 46 Special
Alexandros Ali Khan the textile sector under the first Economic Zones would be
phase of Prime Minister’s Trade established at 41,715 acres of land
Advisory Board: Enhancement Package by June across the country.
Dr. Tanveer Hussain 30, 2018. Rs 2.6 billion were
Dr. Muhammad Tausif disbursed to the textile sector in According to Mr Abdul Razzaq
first two months. Dawood, Advisor to Prime Minister
Marketing Manager on Commerce, the incumbent
Kaiynat Khan Textile division has identified three government is determined to
Saeed Ahmed pressing export impediments as promote regional trade and export
well as enlisted many reasons for led growth of economy. He further
Layouts not achieving the targets including added that Pakistan trade deficit
Faizan Khan lack of skills development, would benefit from regional trade
infrastructure, product and market by an increase in exports. The
Marketing Incharge diversification, compliance, cotton government would give priority to
Abdul Mughees standards, cluster development, promotion of export-led growth by
cost of doing business & ease of enhancing exports and reduce
Adddress doing business, combined effluent dependence on imports, adding
C-302, City Towers treatment plant, revitalization of that it had identified many sectors
Main Boulevard, Gulberg II textile and garment cities, that would boost exports.
Lahore-Pakistan unnecessary import of textile
goods, increase in cotton yield and Highlighting the importance of
Phone: + 92 42 35 788 700 production of long staple cotton, value addition, he added that
Fax: + 92 42 35 788 700 SME development, pending agriculture exports alone cannot
liabilities, tariff rationalization and enhance the country exports. The
Email: info@textalks.com regulatory regime. advisor further drew attention to
Skype: textalks the significance of regional
APTMA spokesperson highlighted economic and trade integration
www.textalks.com that the growing trade deficit can promotion to increase trade with
solely be met by fashioning an regional countries which include
export led growth policy. Therefore, Iran, Afghanistan, India and Central
those advocating for the support of Asian States. This promotion
local industry don’t seem to be strategy will be based on
well-wishers of Pakistan as well as increasing the country’s exports to
the government, since the compete with regional as well as
restoration of competitive global players in the international
advantage of the export led market.

August/September 2018