FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed has said that textile-centric policies with focus on enhancing exports are imperative for the economic revival of Pakistan.
In the annual general meeting where industrialists and businessmen were present, Saeed discussed the prevailing economic scenario and said although other segments were contributing to the improvement of economy, the share of textile alone was 55%, which could be relied on for the stabilisation of economy.
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He also touched on the widening gap between national imports and exports and said foreign remittances had played a major role in bridging the gap but in a changed international scenario the remittances were falling gradually.
The focus of economic policies must be on enhancing exports, he suggested and asked the government to reprioritise its agenda and make all policies textile-friendly.
Praising the FCCI for sending trade delegations to potential international markets, he emphasised that he would continue the practice in order to increase the exports.
Saeed showed his surprise that Pakistan’s exports had access to only 50 out of 196 countries, meaning 75% of international markets were unexplored.
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“Exporters should improve the quality of their products in the changing international environment so that we could compete with developed countries.”
Courtesy : Express Tribune