Role of textiles in national economy recognized

Karachi: Governor Sindh Dr .Ishrat ul Ebad Khan has said that Textiles sector is the identity of Pakistan and it is known in the world due to the quality of its textile products.

This he said while addressing the inaugural ceremony of Texpo Pakistan 2016 here today at Governor House. Federal Minister for Commerce Eng. Khurrum Dastagir Khan and Trade Minster of Sri Lanka Mr. Abdul Rishad Bathiuddeen were also present on the occasion.

Governor Sindh said that textile industry plays a pivotal role in Pakistan’s economy and more than half of the exports related foreign exchange is earned through this sector. Pakistan is the 8th largest exporter of textile products in Asia which contributes about 9.5% to the GDP he said and added that it also provides employment to about 15 million people which is 30% of the total work force of the country.

Governor Sindh said that it is very unfortunate that despite so much potential the share of Pakistan in world’s textile volume of 18 trillion US dollars is less than one percent. This must be paid immediate attention by the exporters of this sector and they must also focus on value addition which would guarantee its enhancement, he said.

Dr. Ebad said that as Karachi was the hub of all kind of economic activities, having large industrial units and also the head offices of commercial institutions, it has a unique importance. It also have huge textile units alongside other industries, he observed.

Governor Sindh said that due to law & order situation in the past, Karachi suffered a lot and the economic activities were halted to an extent but now as the law & order situation has improved considerably their was an ideal time to use its potential of investment.

While lauding the holding of first ever textile expo, Governor Sindh said that the expo would advertise Pakistan’s textile products which in turn would beef up the national exchequer. The arrival of more than 400 foreign delegates from 60 countries is very commendable and it shows their trust on Pakistani textile products.

Federal Minister for Commerce Eng. Khurram Dastagir Khan in his address said that Pakistan was taking every step to enhance and promote its exports, especially in the field of textiles. The aim of such type of exhibitions is to reach out to the global markets, he added.

Federal Minister for Commerce of Sri Lanka Mr. Abdul Rishad Bathiuddeen in his speech said that Pakistan and Sri Lanka have close economic ties and their trade volume is nearly one billion US dollars. He added that 10% of total exports of Sri Lanka are to Pakistan.