Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) central chairman Sohail A Sheikh recently said the country has garnered business worth over $200 million since the 35th International Apparel Federation (IAF) Fashion Convention was held in November last year in Lahore. He was addressing a ceremony to mark the first anniversary of the global summit.
IAF regional president and PRGMEA chief coordinator Ijaz Khokhar said Pakistan can capture a large share of the global apparel market if the government exempts cotton yarn from all taxes and duties. The apparel industry should be allowed to import fabric as the weaving industry has been unable to fulfill the growing demand of the fashion sector, he said.
Khokhar proposed that the Export Development Fund should be allocated for research and development in accordance with the concerned industrial sectors for bringing innovation and to improve the standard of products to cope with challenges of the global market, according to Pakistani media reports.
This article orignially appeared in Fibre2Fashion