LAHORE, Oct 09 (APP):Special Assistant to the Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan Wednesday said the revival of the country’s major export-oriented textile sector due to best policies of the PTI government was best answer to the critics, always objecting economic planning of the government.
She stated this in a news conference along with All Pakistan Textile Mills Association (APTMA) Group Leader Gohar Ejaz and Taskforce on Textile Chairman Ahsan Bashir here at APTMA House.
APTMA Group Leader Gohar Ejaz acknowledged that the present government resolved textile sector’s revival issues pending for the last 10 years, citing that the government ensured energy tariff to textile industry at par with regional and other competitor countries. Taking advantage of viable energy tariff, the country’s textile industry registered 32 percent quantitative growth in exports and its total turnover remained at US $ 16 billion with US $ 13 billion export revenue and the industry earned US $ one billion net profit, besides paying Rs 40 billion taxes till June 2019, he told.
The APTMA leader mentioned that earlier, the textile industry was closing down but now
it was planning to set up new textile units due to government’s support and viable policies.