ISLAMABAD: Finance Minister Ishaq Dar has expressed the government’s dedication to providing comprehensive support to the textile industry to bolster Pakistan’s export-led growth.
Finance Minister Ishaq Dar has reiterated the government’s commitment to providing full support to Pakistan’s textile industry to enhance the country’s export-led growth. In a meeting with a delegation from the All Pakistan Textile Mills Association (APTMA), Dar, along with other senior government officials, welcomed the delegation and expressed his determination to overcome economic challenges and steer the economy towards progress.
Pakistan’s textile industry is a vital sector for the country’s economy, contributing significantly to employment, revenue, and exports. As such, the government’s commitment to providing comprehensive support to the industry is a significant development that can have a far-reaching impact. The availability of resources and energy at competitive prices is essential for the textile industry’s growth and success, and addressing these issues can create a more conducive environment for businesses in the sector.
The involvement of senior officials from various government departments also indicates the coordination and cooperation necessary to address the challenges facing the textile industry. By working together and providing maximum support, the government and the industry can collaborate to achieve their shared goals of boosting exports and fostering economic growth in Pakistan.
The APTMA delegation discussed their contributions to Pakistan’s economy and the obstacles that the textile industry faces, including issues related to gas and electricity supply, imports, and exports. These issues include liquidity crunch, stuck import of raw materials, and regionally competitive energy tariffs.
The delegation extended its support to the government in promoting economic development, while the finance minister acknowledged the APTMA’s significant contribution to Pakistan’s economic growth. He assured the delegation of the government’s maximum support and directed the relevant authorities to address and resolve their issues on a priority basis.
Ishaq Dar’s support and attention
The finance minister Ishaq Dar’s support and attention to their concerns were greatly appreciated by the APTMA, as they extended their gratitude towards him. The government’s commitment to the growth of Pakistan’s textile industry bodes well for the country’s overall economic progress.
In a recent meeting with the All Pakistan Textile Mills Association (APTMA), Finance Minister Ishaq Dar reaffirmed the government’s commitment to providing full support to the textile industry. In addition to the finance minister, the meeting was attended by several high-ranking government officials, such as Federal Minister for Commerce Syed Naveed Qamar, SAPM on Revenue Tariq Pasha, Governor SBP, Chairman FBR, Secretary Power, and Additional Secretary Commerce. The textile industry is one of the most significant contributors to Pakistan’s economy. Despite the challenges being faced by APTMA members, including liquidity crunch, stuck import of raw materials, and regionally competitive energy tariffs, the industry has continued to play a vital role in generating employment and exports.
During the meeting, the APTMA delegation discussed the issues facing the textile industry, particularly those related to gas and electricity supply, imports, and exports. The finance minister acknowledged these challenges and directed the relevant authorities to prioritize resolving them.
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The attendance of these senior government officials demonstrates the importance that the Pakistani government places on the textile industry and its contribution to the country’s economy. The participation of officials from various ministries also highlights the interdepartmental cooperation that is necessary to address the challenges faced by the industry. The meeting was an opportunity for the APTMA to bring attention to the issues it was facing, including liquidity crunch, stuck imports, and energy tariff competition. The government’s commitment to addressing these issues on a priority basis, as confirmed by the finance minister Ishaq Dar, is a positive step towards supporting the growth of the textile industry and Pakistan’s economy as a whole.
The government’s commitment to providing all-out support to the textile industry, as reiterated by Finance Minister Ishaq Dar, is a step in the right direction towards enhancing Pakistan’s export-led growth. The efforts of the government, along with the industry’s contributions, will undoubtedly pave the way for Pakistan’s economic progress.
