The Ministry of Commerce and Industries, under the leadership of caretaker minister Gohar Ejaz, is actively working to enhance the country’s exports by providing extensive support to industry stakeholders. In a meeting held at the All Pakistan Textile Mills Association House in Lahore, Gohar Ejaz met with a delegation of leading exporters.
During the meeting, Gohar Ejaz emphasized the need for textile exporters to shift their focus towards value-added products, such as garments, in order to achieve the ambitious eighty billion dollar export target. Additionally, he assured the exporters of comprehensive assistance through the ministry’s trade and investment officers stationed in international missions worldwide.
Recognizing the importance of revitalizing the economy, the government has also decided to establish Business Parks in major cities, which will further stimulate economic growth.
According to a recent report released by the All Pakistan Textile Mills Association (APTMA), textile exports have experienced a decline of 15 percent, falling from $19.32 billion to $16.51 billion. The report highlights a 13 percent decline in textile exports in June 2023 when compared to June 2022. In June 2023, the export figures stood at $1.48 billion, a decrease from $1.71 billion during the same period in the previous year.
Gohar Ejaz, along with the Ministry of Commerce and Industries, is dedicated to reversing this decline and revitalizing the textile industry. Through collaborative efforts and strategic initiatives, the ministry aims to support the exporters, promote value-added products, and ultimately boost the country’s overall exports.