LAHORE: Federal Commerce and Textile Minister Pervaiz Malik said on Saturday that Rs 180 billion export package had contributed significantly towards putting country’s exports into growth trajectory, enabling Pakistani products to get proper share in the global market.
He stated this while inaugurating the three-day 18th Textile Asia 2017
International Trade Fair, jointly organised by Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and E-Commerce Gateway Pakistan, here at Expo Centre. The exhibiting countries include China, France, Germany, India, Italy, Korea, Taiwan, Turkey, Austria, Czech Republic, UK, USA etc.
The commerce minister said that concrete steps were being taken to
increase volume of country’s overall exports, asserting that Economic Coordination Committee (ECC), in its last meeting, had reviewed the impact of Prime Minister’s Export Package and also considered expanding its scope by including other sectors into it.
Pervaiz Malik said that Prime Minister had ordered for constituting a
committee to undertake a detailed analysis of the impact of the package, proposing some changes to its scope and coverage.
He said that China-Pakistan Economic Corridor (CPEC) had opened up a
momentum of opportunities for industrial cooperation between the two countries. Under CPEC projects, he mentioned, the government was keen to link Chinese Small Manufacturing Enterprises with Pakistani SMEs, as a number of Chinese firms would relocate their production units in Pakistan.
The minister said that China needed markets for its products and
searched for raw material while Pakistan needed access to technology to boost its industry.
He also appreciated the role of PRGMEA and congratulated its leadership
for holding 18th Textile Asia successfully.
On this occasion, PRGMEA Central Chairman Ijaz Khokhar said that PRGMEA
had taken the initiative with the collaboration of E-Commerce Gateway Pakistan and brought textile machinery fair in Pakistan to increase productivity and to ensure better competitiveness.
He asked the government to consider value-added textile as a key
priority area by making all possible efforts to form right policies and incentives that encouraged private sector investment in value addition.
Khokhar said that the apparel segment was the highest value-added link
in the entire textile value chain. “Though global market is highly competitive, Pakistan’s Apparel Industry has proved its strength by pushing export by 5.55 per cent in 2016-17.”
While, PRGMEA Vice Chairman Jawwad Chaudhry said that garments industry
was least energy and capital-intensive industrial activity and was well-suited for Pakistan to gear up economic growth and employment.
He said that textile was the only sector which contributed
US$12,452.53 million (60 per cent) to exports for the year 2016-17 and
US$12,447.69 million (59 per cent) in year 2015-16