$1 billion annual investment pledged in Textile sector to double the exports

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$1 billion annual investment pledged in Textile sector to double the exports

KARACHI: $1 billion annual investment pledged in Textile sector to double the exports by the All Pakistan Textile Mills Association, private media had revealed.

Textile millers are ready to annually invest one billion dollars if the government would ensure ease of doing business to double exports in the next five years, reported *The News*.

All Pakistan Textile Mills Association (APTMA) Central Chairman Amanullah Kassim Machiyara said industrialists are all set to invest one billion dollars annually in case the government ensures a congenial environment to double the exports in the next five years.

“The government is expected to restore the confidence level of the textile millers by announcing the textile package sooner,” Machiyara said, delivering a speech through a video link to all zonal members. The meeting was held on the occasion of 61st annual general meeting of APTMA.