Karachi. May 26 (APP): Prime Minister Muhammad Shahbaz Sharif has said that Pakistan's textile industry is developing despite the problems and challenges, provide all possible resources to increase the country's exports and improve the textile industry despite the financial problems. Textiles are the backbone not only for the economy but also for exports. The Prime Minister expressed these views while addressing the Textile Expo on Friday. While congratulating the organizers of the Textile Expo, the Prime Minister said that this Expo I also have investors from abroad which is welcome. Textiles are the backbone not only for our economy but also for exports.
Appreciate our manufacturers and exporters for their efforts to export Made in Pakistan products. Despite various challenges, Pakistan's textile sector is striving for improvement. The textile sector is improving due to the tireless efforts of entrepreneurs. Investors feel happy to come to Pakistan. Despite the problems, Pakistan's textile industry is developing. The textile sector is the focus of our exports.
He said that Pakistan's demand for netwear and garments from global brands, innovation in old textile technology are important milestones of this sector. Commerce Minister, Secretary Commerce and their team and Chairman of Pakistan Trade Development Authority Zubair Motiwala have outstanding performance for the improvement of this sector. He said that the share of textile sector in the country's exports is 60 percent.
He asked the experts related to textile sector to come forward and give their suggestions for Pakistan's exports and improvement of this sector. The Prime Minister said that he will start the series of pre-budget meetings from next week. Finance Minister was also supposed to come with me, but he could not come, Minister of State for Finance Ayesha Ghos Pasha and Special Assistant Dr. Tariq Bajwa are playing an active role to increase our exports, they are with me.
Despite financial challenges and other difficulties, we will provide all possible resources to increase exports of leather and textiles, sports goods and other products. He asked the participants of the expo to come forward with concrete proposals. Ensure supply of quality goods to our customers. He said that it is no secret that Pakistan was ahead of its neighboring countries in the field of textile products but unfortunately we were lagging behind.
We have to go on the same path again and increase our exports significantly, this is not a difficult task, for this the Federal Minister of Commerce and his team will play a key role. He appreciated the organizers of the expo for organizing a rich exhibition. Karachi is a wonderful city of Pakistan and the founder of Pakistan is buried here. A National Compliance Cell has been established by the Ministry of Commerce. Which was the need of the time. We are grateful to the European Union for giving us GSP Plus status. He said that we are aware of the fact that steps are being taken to fulfill all the essentials including good governance.
He said that we believe in proceeding according to the rule of law, merit and the constitution. He told the foreign participants that they are our guests and the doors of the Governor's House are open for them. They can come there and make deals regarding the textile sector. Federal Minister of Commerce Syed Naveed Qamar said that the environment is very favorable for investment in Pakistan, inviting the whole world to buy Made in Pakistan products.
He said that Pakistan's textile products are of very high quality. Due to the Russia-Ukraine war, economies around the world are facing a crisis. He said that the economy can be stabilized by increasing exports. It is proof of the determination of the improvement of the textile industry, Trade Development Authority Pakistan Zubair Motiwala said that the textile industry is the backbone of Pakistan, Pakistan is the fifth largest cotton producing country in the world.
We have come a long way from hand-made items and now we have come to modern manufacturing. We serve every major brand in the world. Pakistan Textiles is unique in the world because of its quality. I have great potential. Now they are bringing innovation in this sector. On this occasion, the Prime Minister officially inaugurated the Expo. On this occasion, the participants took a group photo with the Prime Minister. The Prime Minister was accompanied by Federal Ministers Maryam Aurangzeb, Ahsan Iqbal, Sindh Governor Kamran Tesuri, Chief Minister Murad Ali Shah and others.
The news is published by EMEA Tribune & Associated Press of Pakistan
