Revitalize Textile Sector & Boost Exports
Imran Khan and his team from PTI (Pakistan Tehreek-e-Insaf) promised us:
PTI will make Pakistan’s textile industry more competitive to boost exports and regain its position in the international markets.
Pakistan’s textile sector has experienced a consistent downgrade over the last 5 years. The sector is burdened with an ailing infrastructure, high energy costs, low cotton production, blocked tax refunds, artificial foreign exchange rate and poor quality human capital; making us regionally uncompetitive. As a result, our textile exports are hampered and Pakistan is losing its export share in the global market.
We will make energy costs regionally competitive for the textile sector.
We will ensure release of blocked tax refunds and subsequent refund orders issued will take form of “Negotiable Instruments”.
We will lobby for the GSP+ status of Pakistan; specifically in EU through foreign missions with support of trade regulatory authorities.
We will increase our cotton production through better inputs and research, while ensuring right prices are offered to farmers.
We will establish internationally accredited labs for product testing and improve product quality.
We will champion local textile machinery manufacturing and incentivise plant upgradation.
We will strengthen the allied industries to ensure that required inputs are manufactured in Pakistan to the extent economically viable.
You can read these promises in the complete manifesto document released by PTI available HERE in English and HERE in Urdu.
Find below the expert`s analysis on the progress of above promise :