Islamabad: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb conducted a detailed consultation today with a delegation from Pakistan’s textile and apparel sector, which included major chambers, associations, exporters, and industry stakeholders. The meeting focused on proposals for the Federal Budget 2026-27, aiming to strengthen the textile sector and enhance its competitiveness and growth.
According to Press Information Department, the delegation emphasized the textile sector’s significant contributions to the national economy, including exports, employment, and foreign exchange earnings. They urged the government to maintain a stable and competitive policy environment to help the industry adapt to global market changes and increasing regional competition.
The delegation presented a wide range of policy recommendations, including taxation reforms, energy affordability, export facilitation, and industrial modernization. These proposals are intended to reduce production costs, improve efficiency, and create a more predictable business environment. The industry representatives highlighted the need for policy support and structural reforms to bolster Pakistan’s export competitiveness and attract investment.
Challenges such as operational inefficiencies, refund mechanisms, energy pricing, and compliance burdens were also discussed. The delegation stressed that addressing these issues could enhance cash flow management and investor confidence. They advocated for a policy framework that supports innovation and value addition, especially for small and medium enterprises.
Senator Aurangzeb appreciated the textile sector’s input and reaffirmed the government’s commitment to ongoing consultations with the business community. He noted the importance of transparency and compliance, citing the introduction of digital monitoring systems in several sectors. The Finance Minister invited the textile sector to cooperate in implementing similar mechanisms.
The meeting included representatives from organizations such as APTMA, PTEA, PHMA, and others, who submitted a joint presentation of the sector’s recommendations for the upcoming budget.