by Apparel Resources News-Desk
22-January-2019 | 1 min read
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the Imran Khan government to take effective steps to make the value-added textile industry competitive and vibrant internationally.
Addressing to the press, PRGMEA Chief Coordinator Ijaz A Khokhar said that the need of exploring non-conventional international markets could boost exports of the country. He further assured PRGMEA’s support to the government in achieving the economic growth target and overcome trade deficit.
However, he suggested that the textile sector should be split into three categories — raw material, home textile and apparel. He also added that the textile sector comprises various subsectors with different functions and activities.
The PRGMEA chief coordinator said value-added garments sector of the textile industry has shown an 11.22% growth in 2017-18, despite internal and external challenges.
The value-added garments sector is a major taxpayer, largest employment generator in the textile chain with exports worth US $ 5.5 billion.
He stressed the need for establishing Garment Export Promotion Council, including public and private sectors to monitor the garment sector activities and policy making for maximizing exports.
He urged the adviser to work on rationalizing duty structures and minimize taxes and duties on the import of raw material. The ministry should also hold a meeting to simplify the Duty and Tax Remission for Export (DTRE) scheme, he said.