In the first four months of the current financial year, Pakistan's textile exports have exceeded 4. 4.5 billion. At present, Pakistan is flooded with foreign orders, which has led to the closure of factories for years, providing employment to millions of citizens.
According to a report by the British News Agency, people in the government and the textile sector say that the sector is currently working at its full production capacity, which will increase the country's export sector as well as provide employment. Positive progress. The increase in Pakistan's textile exports has helped reduce the country's trade deficit with the increase in aggregate exports, boosting the production capacity of Pakistan's textile sector to its full potential and increasing exports of its products. Industry insiders said the corona has led to an increase in demand for the product due to the easing of sanctions and government relief measures for the industrial sector.
Parliamentary Secretary for Trade, Industry and Production Alia Hamza Malik expressed hope for continued continuity in the good performance of the textile sector and the main reason for this is the policies of the government which are providing full support to this sector. He further said that further improvement in the performance of this sector in the coming days can be gauged from the fact that not only the textile sector is running at its full potential but also the power looms are working at their full potential. The government has formulated policies for the sector through which it can be fully supported as the sector plays a key role in the country's economy and job creation. According to the industrialists, they have not only the month of December. Export orders are available and some have even reported receipt of export orders by June. The government is working to reduce regulatory duties on cotton imports.
Khurram Mukhtar, who works in the textile industry in Pakistan and exports textile products to European and American markets, said his business has seen a boom in recent months and he has received more export orders from abroad.
According to Asif Inam, the owner of the textile mill, the sector is currently working at its full production capacity, largely due to the orders it receives, as well as the incentives given by the government to increase its production. I am providing help. The good performance of this sector can be gauged from the fact that at the end of the previous government, the share of Pakistan's textile products in its worldwide exports had gone up to 1.8 per cent, but now it has risen to 2.4 per cent. Which is a great proof of the performance of this sector.
