Textile mills advised to strive for value-addition
The country's textile mills should strive for sophistication and
value-addition of their export goods as also make them
cost-effective to attain competitiveness at international
market. This was stated by Jesus Felipe, leader of the
delegation from Asian Development Bank, in a meeting with
leading textile exporters at Pakistan Textile Exporters
Association (PTEA).
He said that Pakistan's economy has a major role in Asian
economies. Asian Development Bank is helping Pakistan to improve
its textile sector by removing its discrepancies. ADB has
launched a structural transformation program and in this
connection this review and consultation mission is visiting
Pakistan.
He said that long-term and short-term measures should have
been taken to overcome the present situation and Asian
Development Bank is already providing help to fulfill its huge
energy needs.
Regarding decline in Pakistan's textile exports, he said that
textile exports of Pakistan have good repute in the world and we
are ready to share and redress the problems of textile industry
promptly because of current war on terror.
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