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Pakistan's industry body seeks modern tech

Sheikh Ilyas Mahmood, Chairman and Adil Tahir, Vice Chairman Pakistan Textile Exporters Association (PTEA) feels technology constraint is one of the major reasons why Pakistan has not been able to achieve rapid socio-economic development. He demanded that the government must introduce latest technologies in all sectors to revive the economy and ensure sustainable growth of the country.

He further added that Pakistan has not been able to make requisite advancement in modern technology in the fields of industry, production, energy, infrastructure and other sectors due to which the country has not been able to exploit untapped potential in many sectors of the economy. He said that to facilitate investments in modern technology, the government should lower tariffs on the import of latest technology and machinery apart from conducting surveys in industrial units and providing technical expertise to industries for applying modern technologies to reduce wastage and improve energy efficiency.