Pakistan’s State Minister for Petroleum Dr Musadik Masood Malik has said that the government was taking remedial measures to overcome the challenges for the uplift of the textile industry while calling it the backbone of economy.
Addressing 36th Annual General Meeting of Pakistan Textile Exporters’ Association (PTEA), Dr Musadik said that no country could achieve economic targets without due role of exporters added that the government was committed to facilitate industrialists and investors for improving economic activities and increasing employment opportunities.
Dr Musadik Masood Malik said, Pakistan’s indigenous gas deposits were depleting at a rate of 10 per cent per annum, therefore, it was need of the hour to search new gas reserves but now, new wells was dug up in this connection for the last many years due to which industrial as well as domestic consumers were facing great deal of difficulties.
Speaking on the occasion, PTEA Chairman Sohail Pasha presenting his annual report said that despite turbulent economic environment and challenges, the association continued its efforts to put business on the path of economic diversification and growth by enhancing its value proposition.
“This year, we envisioned the idea of striving towards pro-business reforms to ensure a favorable environment that is conducive to growth, boost productivity and enhance the competitiveness with regional rivals in international markets”, he said, adding, “To achieve the same, we worked closely with the government quarters and all relevant flora to build mutual grounds for the betterment of textile industry in general and textile exporters in particular”.
PTEA chairman also presented a cheque of Rs.5 million as contribution towards Prime Minister’s flood relief activities.
