Govt reaffirms support for textile sector amid industry concerns

MG News | August 05, 2025 at 12:26 PM GMT+05:00
August 5, 2025 (MLN): The government has reaffirmed its commitment to facilitating the textiles and apparel sector by providing a stable policy environment and supporting value addition to boost exports.
This assurance was given by Federal
Minister for Commerce Jam Kamal Khan during a meeting with Asif Jooma, Chief
Executive Officer of Lucky Core Industries, and Rizwan Afzal Chaudhry, Chairman
of the Polyester Staple Fiber Manufacturers Group.
The delegation raised concerns over
pressing issues affecting Pakistan’s synthetic fiber-based industry, including
recent amendments to the Export Facilitation Scheme, the National Tariff Policy
2025, and the rising cost of manufacturing.
In response, the Minister expressed
the government’s willingness to resolve the challenges and ensure a more
competitive and export-driven industry.
Further strengthening this agenda, Minister Jam Kamal held a
meeting
with Bangladesh’s High Commissioner to Pakistan, Md. Iqbal Hussain Khan, to expand bilateral
cooperation with
a strong emphasis on strengthening textile industry linkages
between the two countries.
Discussions focused on building partnerships in yarn,
fabric, garments, and machinery to integrate into global value chains.
Pakistan highlighted its manufacturing strengths, while
Bangladesh expressed interest in sourcing raw materials like limestone for
textile processing.
The meeting also covered broader trade areas including
agriculture, minerals, and Halal meat.
Both sides committed to easing logistics, simplifying visas,
and establishing sector-specific business linkages especially in textiles to
support Pakistan’s export-led growth strategy.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 143,037.17 262.32M | 0.69% 984.52 |
ALLSHR | 88,422.07 548.73M | 0.67% 590.27 |
KSE30 | 43,996.15 140.47M | 0.66% 289.41 |
KMI30 | 203,644.09 138.29M | 0.41% 827.53 |
KMIALLSHR | 59,220.62 312.36M | 0.64% 379.23 |
BKTi | 38,768.34 10.68M | 0.48% 185.49 |
OGTi | 29,780.41 21.28M | -0.74% -222.95 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 114,510.00 | 115,870.00 114,070.00 | -775.00 -0.67% |
BRENT CRUDE | 67.90 | 68.87 67.68 | -0.86 -1.25% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 65.36 | 66.39 65.10 | -0.93 -1.40% |
SUGAR #11 WORLD | 15.96 | 16.27 15.92 | -0.29 -1.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|