This is apropos a Business Recorder news item "Textile sector takes a dim view of FY22 budget" carried by the newspaper yesterday. According to it, "The textile sector has termed the measures, announced by the government in the budget, as insufficient for a significant increase in the country's exports. The value-added textile sector has asked for more relief and concessions to achieve the double-digit export growth target and earn over $ 26 billion foreign exchange in the next fiscal year 2021-22 (FY22)."
It is quite clear that the policymakers have not prioritized the industrial sector in the budget for FY2021-22. The question therefore is how the country will achieve $ 35 billion export target that the government has set for the next fiscal year. Hence the need for addressing the concerns of this sector as early as possible.
A Rahman (Lahore)
Copyright Business Recorder, 2021
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