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
