Home / Knowledge / News / Textiles / Pakistan's new textile policy to aim at $26bn exports
Pakistan's new textile policy to aim at $26bn exports
May '14
The new textile policy for financial years 2014-19 currently being designed by the Ministry of Textile Industry will aim at increasing Pakistan’s textile exports to US$ 26 billion over the next five years, Minister for Textile Industry Abbas Khan Afridi has said.
Speaking at a press conference, Mr. Afridi said the new textile policy, which is likely to be finalized by June 30 this year, will have special focus on value addition. The proposed policy also envisages tax incentives for import of latest machinery.
Improvement of seed quality would also be focus of the new textile policy, which also envisages imparting training in garment manufacturing to about 120,000 people over the next five years.
Pakistan is one of the five countries that have the complete textile and garment value chain from cotton production, ginning, spinning, fabric production and garment making. Despite this, the country exports only 13 value added products compared to 950 value added items that can be exported, the Minister said.
He said the Ministry is already considering revival of sick textile manufacturing units, so as to boost exports and take more advantage of the Generalized System of Preferences Plus (GSP+) status given by the EU.
Talking about the energy crisis, which is affecting textile production, especially in Punjab, the Minister said that a committee consisting of officials from the ministries of Finance, Water and Power, Petroleum and the Textile Industry has been formed to address the issue.
He informed that the Ministry has put a proposal for providing five percent cut in interest rate, and another proposal for offering subsidy on import of technology and machinery in the federal budget 2014-15. However, he added that the final decision would be taken by the Finance Ministry and no proposal would be added in the new textile policy which is not backed by the Ministry of Finance.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar
Label Ritu Kumar

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search