Textile Ministry vows to boost exports up to $26bn
ISLAMABAD: Federal Minister for Textile Industry Pakistan, Abbas Khan Afridi said that five-year Textile Policy (2014-19) would be finalized by June 30, ARY News reported on Thursday.
The Minister vowed to boost textile exports up to $26 billion. He said a special focus will be given to value addition for the purpose.
While briefing media, Abbas Khan Afridi said that Pakistan was among five countries having all textile value chain from cotton production, ginning and textile manufacturing.
“Despite that vast scope, textile sector could manage to export 13 items as compared to 950 value added products exports by any other country of the world”, he added.
Abbas Khan Afridi further said that textile sector has sufficient potential to extricate the country out of the debt net and turn around the country’s economy.