{"id":19671,"date":"2025-05-25T05:48:43","date_gmt":"2025-05-25T05:48:43","guid":{"rendered":"https:\/\/gsrra.com\/?p=19671"},"modified":"2025-05-25T05:48:44","modified_gmt":"2025-05-25T05:48:44","slug":"ptc-says-textile-sector-can-add-3-4bn-in-export-earnings","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=19671","title":{"rendered":"PTC says textile sector can add $3\u20134bn in export earnings"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, says that the industry could immediately contribute $3-4 billion in annual exports, in line with the vision and policies of the federal government, if an enabling environment is provided.<\/strong><\/p>\n\n\n\n

The remarks were by PTC Chairman Fawad Anwar during his meeting with Federal Minister for Commerce Jam Kamal Khan.<\/p>\n\n\n\n

The PTC delegation also included Asif Tata (Chairman, Naveena Group) and CEO Muhammad H. Shafqaat, read a statement released by the Ministry of Commerce on Saturday.<\/p>\n\n\n\n

PTC says concerned at proposed amendments to EFS<\/a><\/strong><\/p>\n\n\n\n

The meeting focused on tariff and tax rationalisation, energy pricing, green investments, and other policy interventions needed for competitiveness, sustainability and growth of the textiles and apparel sector.<\/p>\n\n\n\n

During the meeting, the commerce minister assured the delegation of the government\u2019s commitment to supporting the export sectors in the upcoming federal budget. \u201cWe are working towards regional tariff parity,\u201d Jam Kamal stated.<\/p>\n\n\n\n

The minister informed that a committee, led by Finance Minister Muhammad Aurangzeb, has been constituted to develop a sustainable framework for tariff rationalisation.<\/p>\n\n\n\n

\u201cWe must strike a balance\u2014reductions will come with time, however, the government is committed to supporting industrial growth,\u201d he noted.<\/p>\n\n\n\n

Pakistan Textile Council voices concerns over proposed amendments to EFS<\/a><\/strong><\/p>\n\n\n\n

Specific matters such as the regionally competitive energy tariffs, effective utilisation of the Export Development Fund, and the immediate clearance of claims under government support schemes were discussed.<\/p>\n\n\n\n

The PTC also recommended the introduction of Green Credit Schemes to help the sector meet international sustainability requirements and scale up the efforts towards industrial decarbonization.<\/p>\n\n\n\n

The delegation highlighted that much of the industry is already shifting to alternative renewable energy sources such as solar, biomass and wind, and the government support remains vital to maintain momentum.<\/p>\n\n\n\n

Kamal reiterated the government\u2019s resolve to align economic policy with the needs of exporters and underscored the urgency of reforms. \u201cLet the formal industry grow, invest and spur industrial growth. That\u2019s how the economy thrives.\u201d<\/p>\n\n\n\n

Reference Link:- https:\/\/www.brecorder.com\/news\/40364494<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Pakistan Textile Council (PTC), a not-for-profit research and advocacy platform, says that the industry could immediately contribute $3-4 billion in annual exports, in line with the vision and policies of the federal government, if an enabling environment is provided. The remarks were by PTC Chairman Fawad Anwar during his meeting with Federal Minister for […]<\/p>\n","protected":false},"author":1,"featured_media":19672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[132,105,36,2462,19014,19016,2364,8423,19015,5216],"class_list":["post-19671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-economy","tag-geopolitics-2","tag-pakistan","tag-potential","tag-ptc","tag-ptc-says-textile-sector-can-add-3-4bn-in-export-earnings","tag-textile","tag-textile-exports","tag-textile-indiustry","tag-textile-sector"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/19671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19671"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/19671\/revisions"}],"predecessor-version":[{"id":19673,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/19671\/revisions\/19673"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/19672"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}