“Pakistan can take advantage of cotton shortage in the global markets by concentrating on high value-added textile goods, instead of exporting raw cotton and yarn”, said, Mr Abdul Shakoor Khatri, Chairman - All Pakistan Textile Processing Mills Association (APTPMA).
Speaking to fibre2fashion, Mr Khatri informed, “If the government ensures that the Pakistani textile sector receives uninterrupted supply of gas and electricity, exports from the sector can touch US $15 billion annually in next two years from $9 billion presently”.
“This can be augmented by the federal government by providing standard infrastructure, facilities and matching incentives” he added. Transfer of latest technology can also help Pakistan meet rising competition, he emphasized.
He recommended the government to levy zero-duty on finishing chemicals, since; these chemicals which are imported from Japan, Europe and US are levied 15 percent custom duty. Likewise, textile thickness, another raw material, imported from India should attract zero-duty.
He was also of the opinion that, by manufacturing synthetic thickness, another raw material, domestically, huge savings on foreign exchange can be done. Loans on leaner terms too, could help the domestic manufacturers of chemicals, he noted.
Fibre2fashion News Desk - India
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