Home / Knowledge / News / Textiles / Govt to be meticulous with policies for achieving GDP targets
Govt to be meticulous with policies for achieving GDP targets
May '08
Government of Pakistan is planning to set the GDP growth target at around 7 percent for the forthcoming fiscal year 2008-09 against the achieved 5.7 percent of the current fiscal year.

Low growth of GDP, in this fiscal year, was largely due to decline in key sectors like agriculture; manufacturing sector; exports and foreign direct investment.

In an exclusive interview with Fibre2fashion, Nasir Jamal Director General-Media Ministry of Finance, said, “Pakistan needs a sustained macroeconomic stability, financial discipline and consistent and transparent policies for achieving targets for the next fiscal. Efficient management and structural reforms introduced in the recent past have brought about healthy changes in almost all sectors of the economy. A major breakthrough has been achieved in managing the domestic and external debt”.

Besides, Mr Nasir also affirmed that the Government has plans to provide relief to major industries from the ongoing inflation and policies will be adopted in the upcoming budget for the same purpose. Additionally, encouragement of industrial clusters, support for technology transfer and facilitation of import of power generating small units are some of the areas to be given priority in the budget. Fiscal and tax incentives for encouraging small medium enterprises (SMEs) will also be encompassed through increased allocation of credit for this sector.

In the agriculture sector, measures will be taken to improve cotton production that would help ensure availability of raw cotton on reasonable rates for the ginning industry as well as for the textile industry to increase production and ensure enhanced exports of textile products.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Urs Stalder
Sanitized AG

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

Silke Brand-Kirsch
Schlegel und Partner

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

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

April 2017

April 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