Fifth edition of Pakistan’s premier textile and leather exhibition, Texpo 2024is set to generate an impressive $800 million in export orders, nearly double the $420 million achieved at last year’s event.
Scheduled from Oct 23-25, 2024 at the Expo Centre, largest textile exhibition in Pakistan is set to be inaugurated by Prime Minister Shehbaz Sharif .This mega event will be a game changer for the country’s textile industry as it will present a significant opportunity for international buyers and fostering new business partnerships, emphasizes Zubair Motiwali, CEO, Trade Development Authority of Pakistan (TDAP).
Organised by TDAP’s Textile and Leather division, Texpo will highlight Pakistan’s dynamic and innovative contributions to these sectors while providing a platform for global collaboration. The exhibition is set to be attended by a record-breaking 550 foreign delegate, representing key international markets. Among thesewill be delegations from the Netherlands and South America, each with 50 members, eager to explore the opportunities within Pakistan’s vibrant textile and leather industries.
One of the event’s highlights is a much-anticipated fashion show featuring designs from 25 of Pakistan’s top fashion companies, showcasing the latest trends in line with global fashion movements.
With the continuation of Pakistan’s Generalised Scheme of Preferences Plus (GSP+) status, the country is positioned to benefit from tariff-free access to European markets, a crucial advantage for boosting textile exports.
Addressing concerns about power tariffs, Motiwala mentioned that the government is working to introduce a local electricity supply tariff under 10 cents per unit, which will further enhance the sector’s competitiveness.
Several joint ventures are expected to be signed during the event, strengthening international partnerships and investments in the textile sector. Industry experts see Texpo 2024 as a key opportunity for Pakistan to increase textile exports from $16 billion in FY24 to $19 billion by the end of the fiscal year.
Having reached $800 million last year, leather exports are projected to grow to $1 billion by the close of FY24. One exhibition hall will be dedicated exclusively to leather exhibitors, underscoring the industry’s potential and its commitment to expanding globally. With textile exports experiencing a 14 per cent growth last month, Texpo 2024 is poised to highlight the industry’s successes and pave the way for future growth.
