Sohail Pasha, Chairman, Pakistan Textile Exporters Association (PTEA) urged the new PML-N’s Government to forge export oriented policies to stabilize the crumbling economy and lead the country towards economic prosperity.
Pasha urged the government to prioritize economic growth and focus on achieving national goals. He said that all stakeholders should be taken on board to make viable and prudent economic policies to accelerate growth and speed up industrialization across the country.
Pasha hoped that the PML-N Government would gather a team of economic experts from all sectors of the economy to formulate business friendly policies and bring economic reforms to boost the trade and industry.
AmeerAhmand, Vice Chairman, PTEA, opined, the country desperately needs to boost exports to narrow its ballooning trade deficit, which has surged to $ 35.4 billion in nine months of current fiscal. It needs to introduce a methodology to explore new markets and increase export volume. Pragmatic policies need to be formulated in consultation with stakeholders to reduce the cost of business by fixing rates of inputs in line with competing countries in the global market to create a level playing field, he suggested.
Ahmand emphasized on switching the focus towards value-addition in textile industry as sustainable growth hinges upon value addition. He hopes, the industry will overcome all export related challenges in coming months.
