Federal Minister for Textile and Industries Abbas Khan Afridi said on Thursday that the government was preparing a new textile policy which will incorporate all stakeholders of the textile sector.
Addressing the Pakistan Textile Summit in a local hotel, he said the policy would be delayed for 20 to 25 days to make it more comprehensive and result-oriented.
The new textile policy would be implemented in the next financial year, he said, adding it entailed huge benefits and employment opportunities for the people attached to this export-oriented sector.
The federal minister said that 80 per cent of textiles were exported in raw materials, which neither payback good prices to Pakistan nor create employment opportunities for the people. The creation of jobs was government’s priority, he said, citing that more jobs would help eliminate the menace of terrorism.
In the new textile policy, Afridi said long-term solutions were being focused to ensure more facilitation to all components of this important sector.
He said the government was also working on the import of LNG (Liquefied Natural Gas), and it would be made available to CNG (Compressed Natural Gas) sector early next year. Around 56 companies had made investment in the oil and gas exploration sector that would help control shortage of these sources of energy in Pakistan.
The federal minister said that gas was being supplied to the textile sector properly and the efforts would also be made to maintain this supply even in peak winter season.
He stressed the need for finding solutions for problems by setting aside the individual/personal interests, citing that ad hoc policies would not work to settle down the issues, which needed long-term planning.
The federal minister said that value-added sector had been given a package in the current budget as this sector guaranteed better employment opportunities.
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