FAISALABAD: Minister of State for Information and Broadcasting Farrukh Habib while addressing the members of Pakistan Textile Exporters Association said that the budget for the new financial year would be people friendly and in their favour.

Chairman PTEA Muhammad Ahmad, in his welcome address, commended Government's policies and Prime Minister Imran Khan's revolutionary steps to enhance exports. He said that confidence of the business community has been restored as a result of Government's prudent economic policies, which has accelerated the economic process in the country. As a result of Government's growth-led initiatives especially market based flexible exchange rate, energy package for export sectors, timely refund payments and availability of LTFF and TERF at subsidized rates, textile export sector has come on track and our exports have witnessed positive growth, he said. Textile value chain has created 50000 new job opportunities; whereas 100 billion rupees investment is in pipeline which will further create 100000 more job opportunities.

Appreciating Govern-ments exemplary initiative of liquidation of long outstanding refunds of exporters, PTEA's patron-in-chief Khurram Mukhtar said that this has released the financial stress for exporters. Pakistan can become an economic giant by utilizing its trade and investment potential. By addressing the challenges faced by export sectors especially textile export industry, we can achieve much needed economic growth. He said that, we are the country having GSP+ status for preferential trade but have not used the opportunity very well. Pakistan must actively exploit the openings of GSP+ status. Textile exporters stand ready to fulfill the Premier's vision of economic prosperity through enhanced exports as textile value chain has envisioned investing 2 billion dollars to generate 200,000 new jobs and achieve sizable growth.-PR

Copyright Business Recorder, 2021