Pakistan sets ambitious textiles export target

12 Jul '12

2 min read

Banking on the steps initiated by the Government to boost textiles and garment exports from the country, Pakistan has set an ambitious textiles export target for the current fiscal year that began on July 1.

Minister of State for Commerce, Abbas Sarfaraz, informed the National Assembly that Pakistan has set textile and apparel export target of US$ 15 billion for 2012-13.

To boost textile exports, the Commerce Ministry is making efforts to promote Pakistan’s trade with other countries and to earn maximum market access for key export items like textile and garments in world markets, the Minister said.

He informed that the Ministry is currently assessing the feasibility of entering into foreign trade agreements (FTAs) and preferential trade agreements (PTAs) with other countries to boost textiles and garment exports.

He said the Ministry initiated several measures like organizing and participating in local and international exhibitions to earn better market access and attract overseas buyers as well as sellers. The Ministry participated in 15 international textile exhibitions in 2010-11, 14 in 2011-12, and plans to participate in 16 international expos during the current fiscal, he said.

Moreover, to provide an opportunity to textile importers to get in direct touch and negotiate with Pakistani exporters, the Ministry each year organizes Expo Pakistan, where Pakistani exporters bag a considerable number of orders, Mr. Sarfaraz said.

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