Pakistani exporters received $ 3 billion of export orders at Heimtextil, the largest trade exhibition in the world held in Frankfurt, Germany, according to Imran Mahmoud, the central president of the Association of all bed and spoken plates in Pakistan (APBUMA).
Mahmoud praised the achievement as a vital batch of the textile sector in Pakistan, focusing on the fact that fabric that lasts for a year in Faisal Abad depends heavily on the guaranteed requests during this event. He also highlighted the ambitious government plan to increase exports from $ 30 billion to $ 100 billion over the next five years, while urging immediate measures to support the sector.
With emphasizing the decisive role of small and medium enterprises (SMES) as the “growth engine” of the economy, he called for low interest loans to face the costs of increasing inputs, including electricity, gas and spinning. In addition, it was suggested that the State Bank in Pakistan and APBUMA be appointed to oversee the disbursement of loans, ensuring effective use to increase production and employment in the textile sector.