The Pakistan Textile Exporters Association (PTEA) would focus on immediate implementation of the five-year textile policy and drawback facility for all the exporters without any discrimination, said Khurram Mukhtar, newly elected PTEA Chairman.

Addressing the Annual General Body Meeting (AGM) of PTEA, he underlined the importance of textile sector in the national economy, and touched upon various issues deemed responsible for crisis in this major foreign exchange earning segment.

Quoting recent statistics, he said private sector borrowing had been reduced to only Rs 90 billion. There had been little new investment within last three years in textile sector, and PTEA would now focus on immediate implementation of new policy so that it could start its recovery plan and avoid any further damage. He urged the textile exporters to forge unity and support the newly elected body to expedite struggle to get drawback facility across the board for exporters.