Pakistan will unveil its textile policy for 2014-19 on June 30, 2014. The policy envisages textile exports of over $26 billion in the next five years and has maximum incentives for the value-added textile sector.

The Textile Ministry has proposed major incentives for value-added textiles sector, including giving 6 per cent subsidy on the import of textile machinery and reducing the interest rate to 8 per cent against the current 12 per cent for new investors to attract more investment and enhance textile exports. The main focus would be on the value-added sector. Major incentives have been proposed for the sector to achieve the desired results by raising textile exports. Technology upgradation schemes would also be one of the prime objectives, as these would encourage investment in shuttle-less looms and in the apparel sector.

Pakistan has registered 8 per cent increase in textile exports since getting the GSP plus status and the country is confident of achieving its textile export targets. A cotton seed bill will also be introduced. It has been pending for the last 12 years.  The main focus of the seed bill would be on improving cotton seed and production as it is like a white gold and can play a major role in the economic growth of the country.