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PTEA demands structural policy initiatives for economy revival

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The Pakistan Textile Exporters Association (PTEA) has demanded immediate structural policy initiatives to revive the economy and stimulate economic growth in the country.

In a statement issued on Thursday, Khurram Mukhtar, the patron-in-chief of PTEA, highlighted the importance of the large-scale manufacturing sector which accounts for a significant portion of the country’s GDP and said that PTEA identified several key factors hindering Pakistan’s progress, including rising debts, tax issues, underperforming large-scale manufacturing, and high energy costs.

He expresses concern over the negative growth experienced by this sector, particularly in light of existing challenges such as high inflation.—APP

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