Pakistan aiming for $25 billion textile exports in this fiscal year

Pakistan aiming for $25 billion textile exports in this fiscal year

Dr Gohar Ejaz, the Caretaker Federal Minister for Commerce, Industries, and Production, has set a bigger target of achieving $25 billion in textile exports for the current fiscal year, a substantial increase from the $16 billion target of the previous year. 

Speaking at a meeting with the Pakistan Textile Exporters Association, led by Khurram Mukhtiar, Dr Ejaz outlined his strategic vision. He pledged to revitalise dormant industries within the nation within a tight one-month deadline, expressing confidence in surpassing last year’s export figure of $16 billion.

Assuming the role with a bold $80 billion export objective, Dr Ejaz assured a systematic approach to address impediments hampering industrial operations. He expressed eagerness to directly engage with stakeholders, even offering to visit facilities as a symbol of his dedication to the industrial landscape’s rejuvenation. He requested a comprehensive list of inactive industries and their specific challenges to better tackle the issues.

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Furthermore, the minister vowed to promptly resolve pending financial obligations owed to industries by various departments, including the Federal Board of Revenue (FBR) and customs. 

He extended an open invitation to associations and business leaders, emphasising his readiness to collaborate and find solutions for their concerns.

With a focus on swift resolutions for challenges related to gas, electricity, energy, and fund allocation, Dr Ejaz reaffirmed his commitment to fostering a thriving and supportive business environment.

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