*FAISALABAD – *The trade war between the US and China have proved to be ablessing in disguise for Pakistan.
Pakistani exporters are getting extra orders from the US in the prevailingcircumstances and the it could easily double, said Faisalabad Chamber ofCommerce and Industry (FCCI) President Syed Zia Alumdar Hussain.
Speaking to trainees of the Pakistan Institute of Trade and Development(PITAD) at the FCCI, Hussain said Faisalabad was a main industrial andeconomic hub of Pakistan as the city had Asia’s biggest sock manufacturingunits, the largest knitwear factory, rice mill, yarn market and astate-of-the-art agriculture university.
“The share of Faisalabad in total textile exports is around 55%,” hepointed out. “Although textile is the mainstay of Pakistan’s economy, manyother sectors like oil, chemicals and beverages are also contributing tothe national economy in a big way.”
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Regarding the impact of deteriorating US-China ties, he said Pakistan wasalready getting additional orders from the US, Tribune has reported.
“These orders could be doubled provided the government resolves thecountry’s liquidity problem by ensuring immediate payment of tax rebate,refund and Drawback of Local Taxes and Levies (DLTL) claims,” he said.
