LAHORE: Abdul Razzaq Dawood Advisor for Commerce and Textiles and Investment assured the industrialists in a zoom meeting to release the import of cotton and yarn from Wagah border.
He said that the value added textile sector was facing a severe crisis due to the shortage of yarns and therefore the Prime Minister of Pakistan Imran Khan would be allowed to cross in confidence very soon.
Mian Farrukh Iqbal, Senior Vice Chairman, Pakistan Hosiery Manufacturers and Exporters Association welcomed the decision and said that it would not only increase exports but also reduce unemployment. He said that importing yarn from other countries is not only expensive but also takes one to two months to reach Pakistan.
He said that yarn would be available to us on time from Wagah Border and fulfillment of export orders would also be possible on time.
He said that the government would have to take important steps to increase the production area and production of cotton to promote value added textile exports.
He said that it was a matter of concern that cotton production in Pakistan was reduced to only 5.5 million bales.
He demanded the government to ban the export of yarn to meet the shortfall. He said that these measures would increase exports and would be a source of multi-currency exchange for the country.
