*ISLAMABAD: *Prime Minister Imran Khan on Friday assured a delegation oftextile and garment sector that the government would take all possiblemeasures for promotion of this sector. The prime minister was talking to adelegation of leading businessmen of textile and garments sector whichcalled on him at the PM Office.
He said that the promotion of garments and textile sector would not onlyprovide huge employment opportunities but as a whole, it would help curtailthe difference between imports and exports.
The prime minister was given a detailed briefing about the local capacityof textile and garments sector, hurdles in its progress and promotion andfuture policy in that regard.
The prime minister was told that the textile sector contributes 3.3% to theGross Domestic Product (GDP) of Pakistan and there were numerousopportunities to increase its growth.
The meeting was told that the law and order situation, availability offinancial help from banks, ease of doing business, unskilled labour andnon-availability of long-term policy were the biggest hurdles in the pastbut now a considerable improvement had been witnessed in that regard.
Read Top Stories
It was also informed that a favourable environment and strategic measurescould increase exports of this sector up to $40 billion by 2030.
The delegation, in that regard presented various suggestions to the primeminister. PM Imran assured the members of delegation that their suggestionswould be considered.
