Home / Knowledge / News / Textiles / Textiles is mainstay of Pakistan's exports: President
Textiles is mainstay of Pakistan's exports: President
28
Aug '12
Mr. Asif Ali Zardari
Mr. Asif Ali Zardari
The textiles and clothing sector forms the mainstay of Pakistan’s exports, which portray the country’s manufacturing excellence, Pakistan President Asif Ali Zardari said at the Annual Dinner of All Pakistan Textile Mills Association (APTMA).
 
The President said that cotton and low cost labour are the springboards for the country’s textile industry and appreciated entrepreneurs for setting up a self-reliant textile sector production chain in the country.
 
Mr. Zardari said the Government is aware of the need for value-addition and increasing competitiveness of Pakistani textiles and hence, it announced the first-ever Textile Policy in 2009. He added that the Government also came out with a five-year Textiles Policy 2009-14.
 
He informed that the Government has set a limit on the exports of low-valued yarn in order to support the country’s textile industry by making raw material available in the domestic market. This step was part of the Government’s efforts to enhance value-added textile exports from the country, he added.
 
He revealed that the Government released Pk Rs. 23 billion over the last three years for strengthening the textiles value chain, despite the country passing through a difficult economic phase.
 
He mentioned that he was aware of the problems faced by the country’s textile industry due to energy shortages, which was hindering production, exports and employment. He stated that the Government was making concerted efforts to better the energy situation in the country and accord priority to the textile sector in energy supply.
 
The President said the Government’s policies to boost textile exports are yielding results as is visible in steady growth in textile exports. He said the country’s textile and garment exports touched nearly US$ 14 billion in fiscal year 2010-11, growing at about 35 percent year-on-year.
 
He added that textile exports diminished by nine percent year-on-year last fiscal, owing to slump in major economies.
 
Mr. Zardari mentioned reduction in interest rates as one of the steps taken by the Government to boost the textile sector.
 
He said the Ministry of Textile Industry has been directed to prepare the first ever Cotton Policy of Pakistan.
 
The President suggested that textile exporters should explore new markets for their products, in addition to adopting new methodologies, planning for long-term and focusing on infrastructure development, to sustain their competitiveness.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search