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Textile sector a priority in 2018-19 budget: Pak minister
30 Apr '18
1 min read
The textile value chain is the topmost priority in Pakistan’s annual budget for 2018-19, commerce minister Pervaiz Malik told a global conference in Lahore recently. The China-Pakistan Economic Corridor (CPEC) would further boost the country’s economy as it extends beyond energy and transportation to other sectors, among which textile is a priority, he said.
The government has released nearly Rs 50 billion for the textile sector in the current financial year that has arrested the declining trend of textile exports, a Pakistani newspaper report quoted Malik as saying at the ‘International Conference on Textiles and Clothing — Inspiring Change’.
He assured other steps for long-term sustainability of the sector.
Compared to a poor state of the economy in 2013, Pakistan has recorded a remarkable revival in the last five year with a high growth trajectory now and economic growth at around 6 per cent per annum, he added. (DS)
The government has released nearly Rs 50 billion for the textile sector in the current financial year that has arrested the declining trend of textile exports, a Pakistani newspaper report quoted Malik as saying at the ‘International Conference on Textiles and Clothing — Inspiring Change’.
He assured other steps for long-term sustainability of the sector.
Compared to a poor state of the economy in 2013, Pakistan has recorded a remarkable revival in the last five year with a high growth trajectory now and economic growth at around 6 per cent per annum, he added. (DS)
Fibre2Fashion News Desk – India
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