Textile exports would hit $26-billion mark in the next five years subject to strict implementation of the long-term textile policy.
The high figure was projected by All Pakistan Textile Mills Association (#APTMA) Senior Vice Chairman Punjab Abdul Rahim Nasir in an exclusive chat
Nasir said that Pakistan’s textile sector growth rate target has been set, starting from 10pc in FY20 and gradually growing to 13pc in the fifth year. “This will help [government] achieve almost $26 billion worth of exports in the first phase (FY20-FY24).”
Pakistan’s textile exports during 2019 were recorded at $13.3 billion, comprising 8pc from cotton yarn, 16pc from cotton yarn, 17pc from bed wear, 6pc from towels, 5pc from made-up articles, 1pc from tents, canvas and tarpaulin, 22pc from knitted apparels, 20pc from woven apparels, 2pc from art, silk and synthetic textile and 3pc from other textile materials.