According to sources, the new textile policy has set an export target of ارب 20 billion. The policy has been prepared in consultation with all stakeholders.
Sources in the Ministry of Textiles said that the policy includes reduction in gas, electricity and other duties.
A plan to rehabilitate closed textile mills has also been made part of the policy.
The policy will provide new investment and employment to millions of people.
special instructions of the PM Ik for the betterment of the textile sector
Owners of textile mills also expressed satisfaction that the government’s five-year textile policy is a good move.
Sources further said that implementation of textile policy will improve the country’s economy. Prime Minister Imran Khan has approved the textile policy last week.