Mr. Gohar Ejaz, Patron-in-Chief of All Pakistan Textile Mills Association (APTMA), said that if the textile sector receives the Government’s full support, uninterrupted energy supply at competitive tariffs and raw materials, the export target of $21 billion could be achieved. He emphasized that cotton yarn was sufficiently available in the country for consumption in the value-added sector, which was reflected in the 25% decline in cotton yarn exports from 0.522 million tons in 2018 to 0.390 million tons in 2021. Further, he pointed out that exports of cotton yarn in the fiscal year 2021 had decreased by 5% in quantitative terms compared to FY20.
Ejaz highlighted that during the fiscal year 2021, exports of the value-added sector recorded significant growth, adding that there “was 32% growth in towel exports, 19% growth in garments, 37% in knitwear and 29% in bed wear”. Overall, textile exports registered a 29% growth in the first two months of the current fiscal year, adding that in August alone, textile exports rose 45% over the same month of the previous year. Ejaz announced that the textile industry was investing $5 billion by adding 100 new plants, which would provide 500,000 new jobs.
