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Dr Ejaz Gohar, Patron-in-Chief and Group Leader of All Pakistan Textile Mills Association (APTMA), said Pakistan’s textile sector can grab orders worth $5 billion in the coming days as Western clothing brands shift from Bangladesh.

Bangladesh faces massive political uncertainty after the departure of Sheikh Hasina days ago, following deadly unrests which engulfed the entire country.

However, “the window of opportunity is only two weeks; otherwise, the orders will be placed in India, Vietnam, or Cambodia,” said Gohar in a post on social media platform X, formerly known as Twitter.

The former caretaker commerce minister pointed out that the current energy prices and tax structure in Pakistan is unviable for the export sector.

“We are not viable at these energy prices of 16 cents and with the current taxation rules for the export supply chain,” he said.

“The way forward for the government is to decrease energy prices to 9 cents, allow the domestic supply chain for exports under SRO 1125 immediately.”

The industrialist was of the view that these steps will enable the textile industry to grab these orders, which can create five million jobs and add $5 billion in export earnings for Pakistan.

Days ago, Sheikh Hasina’s 15-year rule ended as she fled more than a month of deadly protests and the military announced it would form an interim government.

Demonstrations began over the reintroduction of a quota scheme that reserved more than half of all government jobs for certain groups.

The protests escalated despite the scheme being scaled back by Bangladesh’s top court.

The total number of people killed since protests began in early July to at least 320, according to an AFP tally based on police, government officials and doctors at hospitals.

Last week, Nobel Peace Prize winner Muhammad Yunus was sworn into office to lead an interim government, vowing to lead Bangladesh back to democracy.

Comments

200 characters
NotSurprised Aug 15, 2024 06:01pm
This guy will try anything to get subsidies and handouts for his mafia. Enriched themselves with subsidies, cheap gas + elec, zero interest rate loans etc...and still could not increase exports.
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Rizwan Aug 15, 2024 06:14pm
Our government is not serious about exports. It's just words and more words. These 5 billion dollars are most likely to go to India, Vietnam or Cambodia. Never to Pakistan.
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Amir Aug 15, 2024 08:02pm
Sirjee, is this the only photograph in your archives? Can you not use any other photos to attach to an article on business?
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A. Chak Aug 15, 2024 08:45pm
Keep dreaming.
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Tariq Aug 15, 2024 08:49pm
This will only happen if our red-tape is slashed, utility prices come down, and our internet works.
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Sulaiman Aug 16, 2024 10:34am
The export orders have already returned to Bangladesh.....our prices are unbeatable...all the factories have reopened.....things are normal now multi billion dollar factories functioning once again
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Aam Aadmi Aug 16, 2024 10:42am
Please stop issuing statements that do not mean anything and defy reality. During your short stint, you made the people dream of 100 billion exports. Stop daydreaming. These are merely your fantasies.
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Ather Nizami Aug 16, 2024 11:21am
Assalaam-O-AIikum I think this is the best time to grab the valuable orders from around the textile goods importing countries.
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Jawad Aug 16, 2024 05:03pm
But we are not competitive plus we don't have capacity, banks are reluctant to finance textile sector
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Arshad Khan Aug 17, 2024 01:19pm
Really a good joke
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Lal menon Aug 17, 2024 07:49pm
Good dream by pakistani gentleman. Wait and see the results
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Rizwan Aug 17, 2024 07:50pm
Lies, lies and more lies.
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Rizwan Aug 17, 2024 07:55pm
If we had a dollar everytime a politician lies, we would have had 5 billions dollars every month.
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Yasir Aug 17, 2024 08:08pm
I am from Pakistan I know this job can you help me
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