Federal Minister for Textile and Industries Abbas Khan Afridi said yesterday that the draft of the first textile policy would be forwarded to the Economic Coordination Committee (ECC) in next three weeks for approval.
“At present, recommendations of stakeholders are being incorporated in the draft policy,” said the minister in his keynote address at the First Pakistan Textile Summit.
Stressing the need to formulate a comprehensive and long-term policy, Afridi said both the government and the industry would have to join hands to fully exploit the potential of all related sectors of ‘white gold’ the country has in huge quantity.
“The textile sector alone has the potential to steer the country out of its financial crisis, provided we start focusing on exporting value-added products instead of raw materials,” remarked Afridi.
