An export target of 80 million yards of cloth for the next calendar year has been fixed under an agreement between the government and the All-Pakistan Textile Mills Association, it was announced here yesterday.
This quantity, according to a press note issued after the agreement, will be distributed among the mills in West Pakistan on a pro rata basis in accordance with the number of looms in each unit.
The press note said that as the target for export is a comparatively modest one, the APTMA does not foresee any difficulty in reaching it. If, however, any individual mill does not participate in these arrangements, the Association, with the government’s approval, will take necessary action against it and ensure the export of the shortfall.
As a further measure to step up the production of cloth, the government has decided to allow the mills to install additional looms to raise the ratio of looms to spindles from one for 60 to one for 40.
This will raise the Second Plan target of looms from 41,666 to 62,500. The government has been assured by the Association that exports of this order will not have any significant impact on the home market and, therefore, internal prices will remain unaffected.
Lakhani Textile is the leading exporter of Textile products from Pakistan. We specialize in Home Textile and Garments of all types.