Sweater Industry: Adding Billions to Export

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Karachi: President, Employers’ Federation of Pakistan, Ismail Suttar acknowledges the need for gradual diversification in the business community of Pakistan, for the purpose of optimizing market share not just locally but rather globally especially in the manufacturing of sweaters of various qualities. In a statement, he said that the business community of Pakistan, especially the textile sector has fostered immense growth in their business structure by means of rapid analysis, expansion and adoption of new technologies, particularly to capture the local market. Despite this notable achievement, one cannot begin to highlight the importance of global diversification, whereby many countries have reduced their contcentration of risk by investing in multiple regions. Our Correspondent