Federal Cabinet approves Textile Policy

Federal Cabinet Wednesday approved textile policy in a meeting at Prime Minister Secretariat here with Prime Minister Yousuf Raza Gilani in chair. The cabinet in the five-year textile policy has set the textile exports target at 25 billion dollars. The cabinet also decided to take steps to boost the production in textile sector. Prime Minister Gilani also formed a ministerial committee to monitor the enforcement of the textile policy. Prime Minister Syed Yousuf Raza Gilani Wednesday said the Textile Policy aims at incorporating the strategies that are essential to address the challenges confronting this sector on a sustainable basis besides meeting the expectations of the industry. Addressing the Special Cabinet meeting convened to consider the Textile Policy 2009-14 at the PM Secretariat, the Prime Minister said for the first time in the history of the country, the government was adopting a five-year Textile Policy, which would give the vision that was needed for the textile sector.