TEXTILE SECTOR

TAHIR AMIN
(JAN 01 2010)

SOHAIB AHMAD ANWAAR

2009 THE WORST YEAR

1. Government didn’t support this major earner of

foreign exchange

2. Energy shortage, power outages and supply of gas

3. Maiden textile policy in more than 60 years

Policy

1. Boost textile export to 25 billion dollars

2. Rs 40 billion for the development of textile sector

3. Draw back of taxes

Key plans

 Created a textile investment support fund

 Technology upgrade

 Infrastructure development

 Skill development

 Tax free import of machinery

Decline

 Export fell 3.21 percent

 Cotton cloth and cotton experienced negative growth as their export decline by 29.8 and

92.5 percent

 Knitwear 7.52 percent

 Bed wear 7.21 percent

 Towels 6.01 percent