Pakistan’s Government to support Textile Sector

In a meeting with a delegation of Pakistan Textile Exporters Associa­tion (PTEA) at the Finance Division, Mr. Tarin said the Government believes in building a solid partnership with business people, traders, and exporters for evolving a roadmap through a consultative process for a sustained and robust export-led growth.

Mr. Tarin said the Government is firmly committed to providing incentives to the targeted and sustainable business community in the long run. The end goal is to achieve an all-inclusive sustainable economic growth that leads to industrialization, employment generation, export-led development, and import substitution, he added.

In another meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) via video link, Mr. Tarin briefed the participants about the Government’s economic priorities. He also outlined that the Government is adhering to strict financial discipline for achieving macroeconomic stability and enhancing revenue generation.

Commerce Adviser Razak Dawood, Special Assistant Revenue Dr. Waqar Masood, and Federal Board of Revenue Chairman Asim Ahmad also participated in the meeting. The finance minister stressed the need for consolidating fragmented businesses and promoting value-added exports on a competitive basis internationally.

Mr. Tarin said, “Pakistan’s economy is showing signs of recovery amid coronavirus pandemic, with construction and manufacturing sectors in the lead. However, the third wave of COVID-19 is particularly challenging.”

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