putting economy on track
DNA
ISLAMABAD
The federal government is all set to announce the Textile Policy 2020-25 during the current week. The export target has been fixed at $20 billion in the new Textile Policy, which has been finalised after consultation with all the stakeholders.
Under the proposed textile policy, the electricity tariff will be at 7.5 cent per unit while duties at the Gas, water, and others will be reduced to boost the sector, said the well-informed sources within the Textile ministry.
The proposed policy will help in boosting employment opportunities for millions of people. Meanwhile, the All Pakistan Textile Mills Association has welcomed the proposed Textile Policy of the federal government and pinned hope that this will put the economy on track.
It is to be noted that Prime Minister Imran Khan has approved the Textile Policy 2020-25 last week. On November 19, Prime Minister Khan had directed the authorities concerned to resolve the problems facing the textile industry in Faisalabad at the earliest.
