Furniture, Textile Help Boost Export Together If Govt Supports: PFC
Mohammad Ali (@ChaudhryMAli88) Published April 12, 2019 | 06:18 PM
Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Friday lauding the economic policies of Prime Minister Imran Khan urged for chalking out an aggressive export policy that gives more relaxation and friendly environment to exporters especially in textile and furniture sector
He expressed these views while talking to media during his visit to TEXPO, 2019 exhibition as guest of honour being held here at Expo Center today," said a press release.
He said it was good omen that the textile industry exports was likely to cross US $ 15 billion mark and this would likely be a record achievement of textile exports in such a short span of time.
He demanded a fast track establishment of Integrated Textile and Apparel Parks enabling plug and play facilities for local and foreign investors.
Mian Kashif said currently, the textile sector was the country's largest industry in terms of exports, exporting US $ 14 billion worth of goods annually. The second largest segment is rice, which generates US $ 2 billion through exports, but Pakistan's furniture exports stand at a meager US $ 51 million.
He said if the government extended its support to furniture companies, the volume of export could touch the figure of US $ 5 billion for the next five years.
He urged the government for focus on skill development programmes for the export-oriented industries with a view to promoting the country's value-added sectors.
He said liberal visa regime would help the textile and furniture industry to introduce their innovative and latest designs to foreigners visiting Pakistan and exhibitions in this regard would be very fruitful.
He said the variety and traditional expertise of woodworkers and craftsmen has a huge potential for exports, and could cater not only to local market but also to the wealthy looking for unique furniture items at international market," he added.
Mian Kashif said there is a need to devise a comprehensive strategy to promote the industry on commercial basis which would not only support the manufactures but also increase our export across the world.
He said good working environment would enhance the capacity of our workers enabling them to compete internationally. He further said foreign companies have shown keen interest in Pakistani market.
He urged the Pakistani businessmen to start joint ventures with their foreign counterparts.
Related Topics
Recent Stories
Punjab CM inaugurates Pakistan’s first Virtual Women Police Station
Dutch model Donny Roelvink embraces Islam
Experts raise concerns over introduction of 10-stick packs
Iranian president arrives in Karachi
Law Minister expresses Govt's resolve to address issue of missing persons
Rizwan’s batting order may be changed: Sources
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
More Stories From Business
-
Afghan trade delegation, FPCCI discuss bilateral trade
4 hours ago -
With knowledge economy, Mauritius is a stable economy: Envoy
4 hours ago -
Aurangzeb reiterates govt's resole to reduce poverty, promote sustainable development
5 hours ago -
Finance minister meets Chairman Anjuman-e-Tajran; discuss issues of business community
5 hours ago -
Govt ensuring digital access as fundamental right: Ahsan Iqbal
6 hours ago -
WHO delegation calls on Chairman FBR
6 hours ago
-
Bill drafted to regulate veterinary sciences and animal welfare: Tanveer
6 hours ago -
General Motors lifts 2024 profit forecast after strong Q1
6 hours ago -
Pakistan aims to reach $3 trillion economy by 2047: Ahsan Iqbal
7 hours ago -
Digital technologies play significant role in economic growth: Shaza
7 hours ago -
Experts raise concerns over introduction of 10-stick packs
8 hours ago -
SACM directs making technical institutes as skill imparting centres
8 hours ago