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Pak textile industry preparing export policy framework
26 Apr '19
1 min read
Pakistan’s textile industry has started preparing a policy framework to achieve an export target of $50 billion in five years, according to All Pakistan Textile Mills Association (APTMA) chairman Syed Ali Ahsan. This will attract huge investments and generate direct employment for 15 million in line with the manifesto of the present government, he said in Lahore.
Dispelling the impression that export of yarn was affecting the value-added industry, Ali Ahsan said it declined by 24 per cent in quantity terms in March. More than 80 per cent of lower count yarn (below 20) being exported was not in demand by the domestic industry, Pakistani media reports quoted him as saying.
The variety of yarns required by the domestic industry was available in abundance and any price rise of such yarns was linked to global cotton prices. (DS)
Dispelling the impression that export of yarn was affecting the value-added industry, Ali Ahsan said it declined by 24 per cent in quantity terms in March. More than 80 per cent of lower count yarn (below 20) being exported was not in demand by the domestic industry, Pakistani media reports quoted him as saying.
The variety of yarns required by the domestic industry was available in abundance and any price rise of such yarns was linked to global cotton prices. (DS)
Fibre2Fashion News Desk – India
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