Pakistan plans to enhance textile exports and reduce costs

The Ministry of Commerce in Pakistan has created a plan to increase exports of value-added textile products. The aim is to lower production costs and enhance marketing efforts. Commerce Minister Jam Kamal led the discussions on this plan during a meeting with officials. Officials analyzed barriers to trade compared to regional competitors. They also looked at market trends and the global economy. The plan includes several strategies, such as producing high-value finished textile products and entering new markets. Director General of Textile Mudassar Raza Siddiqi shared a work plan to elevate the textiles sector. This involves reducing manufacturing costs, improving production efficiency, and enhancing marketing. The approach also focuses on sustainability and supports small businesses. Pakistan's textile industry has shown resilience, with an export growth rate of 9.3% during the first eight months of 2024-25. Apparel exports alone reached $6.2 billion, marking a record high. However, Pakistan's cotton production has declined compared to other countries. Siddiqi pointed out that Brazil has much higher cotton yields due to advanced farming techniques. The minister highlighted the need for better farming practices and improved seed varieties to revive local cotton production. Kamal believes that strategic efforts can unleash the full potential of Pakistan’s textile sector. He encouraged exploring existing markets and seeking new ones to further boost exports.