Iron Brother China is helping Pakistan enhance cotton production, a senior aide of Prime Minister Imran Khan said on Sunday afternoon.
Abdul Razak Dawood, Advisor to Prime Minister on Commerce, Textile, Industries, Production and Investment, underlined the importance of cotton which is the raw material for the entire textile chain.
“We have to take proactive measures to enhance cotton production. China is helping us in this regard with its technologies. The second phase of CPEC (China-Pakistan Economic Corridor) has a special focus on agriculture,” he said.
Addressing a meeting of All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA), Dawood mentioned different options to increase cotton yield but added that well-considered policies should be framed to avoid any backlash from any sector.
He said that most of the duties on raw material had already been exempted while steps were underway to withdraw any remaining duties or taxes to ensure an adequate supply of polyester in the domestic market.
The Advisor said that the Small and Medium Enterprises (SME) sector was contributing 95 percent share to the national economy and the government was fully cognizant of their importance and trying to reduce their issues on a top priority basis.
Source: China Economic NetAutotrader | Boat Trader | Trader | RV Trader