Pak­istan's trade bod­ies term tex­tile pol­icy a ‘fail­ure'

Apparel Online - - Tex-file -

The Tex­tile Pol­icy

2014-2019 an­nounced by Pak­istan Govern­ment, in a bid to make the coun­try’s tex­tile in­dus­try com­pet­i­tive and sus­tain­able, has failed to achieve its goals due to the lack of will and poor ap­proach. In­dus­try trade bod­ies in the coun­try such as Pak­istan Tex­tile Ex­porters As­so­ci­a­tion, All Pak­istan Tex­tile Mills As­so­ci­a­tion, Pak­istan Hosiery Man­u­fac­tur­ers As­so­ci­a­tion, Pak­istan Ready­made Gar­ments Man­u­fac­tur­ers and Ex­porters As­so­ci­a­tion, Towel Man­u­fac­tur­ers As­so­ci­a­tion, Pak­istan Ap­parel Fo­rum and oth­ers have voiced their con­cerns over the fail­ure of the tex­tile pol­icy. The tex­tile pol­icy, when an­nounced was aimed to fetch the in­vest­ment of ad­di­tional US $ 5 bil­lion in ma­chin­ery and tech­nol­ogy in ad­di­tion to in­creas­ing value ad­di­tion from US $ 1 bil­lion per mil­lion bales to US $ 2 bil­lion per mil­lion bales dur­ing the pol­icy pe­riod.

The pol­icy was also aimed to in­crease tex­tile ex­ports from US $ 13.1 bil­lion to US $ 26 bil­lion. None of these goals has been met so far. Fo­cus on small and medium en­ter­prises sec­tor was also listed in its pri­or­ity plan. Apart from some pro­pos­als, any fur­ther­ance could not be achieved. Any ap­pro­pri­ate de­ci­sion to pro­vide a re­ward­ing re­sult to tex­tile sec­tor stake­hold­ers was not taken by the Eco­nomic Co­or­di­na­tion Com­mit­tee dur­ing the pe­riod, the bod­ies main­tained. Around 45% of the in­dus­trial labour force is em­ployed with the tex­tile sec­tor and it con­trib­utes more than 9% to Gross Do­mes­tic Prod­ucts (GDP) of the coun­try. The in­dus­try con­sumes more than 42% bank­ing credit. The fail­ure would fur­ther put stress on the coun­try’s econ­omy. De­spite the Rs. 180 bil­lion sup­port pack­age an­nounced by the Govern­ment, the pol­icy lacked the ex­e­cu­tion. The power sup­ply has been the ma­jor is­sue as well for fac­to­ries to op­er­ate. It’s high time that the Govern­ment read­ies ac­tion plans to bol­ster tex­tile trade.

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