September-2009

 

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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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