Exporters oppose proposed merger of ministries

Attention: open in a new window. PDFPrintE-mail

FAISALABAD The Textile exporters of Faisalabad have strongly opposed the proposed merger of the Textile Ministry into the Commerce Ministry, terming it a negative move which would hurt the pace of growth in textile exports and would put the textile industry on reverse gear. 

Pakistan Textile Exporters Association Chairman Asghar Ali and Vice Chairman Muhammad Asif expressed grave concerns over the proposed merger and said that Pakistan has dynamic, vigorous and export-oriented textile industry that has an overwhelming impact on the national economy.

“Textile being largest industrial sector generates the country’s highest export earnings of about 60%, providing the bulk of employment to 40% workforce and contributes 8.5% to GDP. The Ministry of Textile Industry was established on the demands of textile exporters to formulate strategies and programmes to facilitate the textile sector for attaining sustainable growth, to achieve higher objectives and to anticipate the challenges confronting by the textile sector,” they said. “With the establishment of full-fledged textile ministry, the country’s textile exports gradually increased from USD 8.29 billion in 2004-05 to USD 13.78 billion.”

They added that the Textile Ministry is greatly contributing in textile development by implementing and finalising various initiatives like acquiring professional management skill, technological up-gradation, human resource development, innovations in diverse products, maintaining standards, ensuring quality to bridge the country’s yawning trade gap.

Asghar Ali was of the view that the current scenario has dramatically changed the global trade patterns and increased the competition; nonetheless concentration was required for textile industry for its improvement. Successful operation of an independent textile ministry would help to boost textile exports and the country would be able to earn more forex to stable its sagging economy, he hoped. He demanded the upcoming government should not merge these ministries.

The vice chairman said that creating greater opportunities for the fourth biggest cotton producer country of the world, an independent ministry for textile industry was envisaging new culture which would expedite the process of improvement in all the segments of textile sector. The PTEA office-bearer demanded the new leadership of the country should allow textile ministry running to keep the momentum of growth in textile exports and further develop the textile industry.

EFFORTS STRESSED TO ENSURE FOOD SECURITY: American University of California Dean Dr Jim Hill has urged the need for collaborative efforts among various agricultural institutions for ensuring food security at global level keeping in view rapidly increasing population.

He was meeting University of Agriculture, Faisalabad Vice Chancellor Dr Iqrar Ahmad at his Chamber on Wednesday. He was of the view that scientists of the World had been facing challenges of fighting against hunger, malnutrition and poverty around the globe which could not be addressed without adopting collaborative scientific solution approaches.

Dr Jim stressed the need for increasing productivity volume of food and fiber in order to ensure prosperous future of coming generations. Dr Iqrar Ahmad Khan while highlighting the initiatives said that UAF was going to establish Office of International Programs at the campus in order to escalate the pace of International collaboration. He added that Fullbright Office had been established at the campus and preparation of International GRE was under way under the umbrella of newly established office.

He was of the view that an International GRE corner would be established at central library of the varsity so that scholars could be benefitted through this initiative for availing scholarship opportunities offered by top ranked Universities of the World. Director Office of Research Innovations & Commercialization (ORIC), Prof. Dr. Asif Ali also attended the meeting.

Courtesy:  Nation

Forex open Market rates & comments Archive

Login Form