PM asked to implement last year’s export package: PEW
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Export of raw material damaging economy, pleasing nobility
The Pakistan Economy Watch (PEW) on Saturday asked the Prime Minister Shahid Khaqan Abbasi to implement the Rs180 billion export package announced last year by the former PM Nawaz Sharif.
It asked the government to support the textile sector which is the largest foreign exchange earner and second largest employment provider after agriculture.
The export sector, especially the textile sector is the backbone of the economy which deserves the full attention of the government as it is going down since three years, said Dr. Murtaza Mughal, President PEW.
The textile sector including the sub-sector of value-added textile is providing employment to millions, it has the largest share in exports but it is neglected, he added.
Dr. Murtaza Mughal said that energy crisis, non-payment of refund claims, increasing input and energy costs and unbearable burden of taxes has increased the cost of doing business which has resulted in a significant fall in exports.
