Finance Minister calls for innovation, technology adoption and value addition to strengthen Pakistan’s textile exports and international competitiveness.
ISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb has urged Pakistani businesses to adapt their business models to changing global economic conditions, stressing the need for innovation, productivity and technological advancement to remain competitive.
He made these remarks during a meeting with a delegation of the Pakistan Textile Exporters Association (PTEA), led by Chairman Rehan Naseem Bharara, on Wednesday, according to a Finance Ministry press release.
Aurangzeb highlighted the export sector’s importance in supporting sustainable economic growth and encouraged businesses to focus on value addition, technology adoption and improved productivity to respond to evolving international market dynamics.
The meeting also discussed challenges facing exporters, including energy costs, access to finance and the overall business environment.
The finance minister reiterated the government’s commitment to improving conditions for private-sector businesses and facilitating export growth through continued engagement with industry representatives.
He particularly emphasised improving access to finance for small and medium-sized enterprises (SMEs), noting their potential to expand participation in the export value chain.
Members of the delegation shared their views on global trade developments and called for improved financing facilities, a business-friendly environment and closer coordination between the government and industry.
Aurangzeb reaffirmed the government’s commitment to export-led growth, industrial modernisation and strengthening Pakistan’s presence in international markets.
The meeting was attended by representatives of textile and garment industry associations, including the Faisalabad Chamber of Commerce and Industry, Pakistan Hosiery Manufacturers and Exporters Association and Pakistan Readymade Garments Manufacturers and Exporters Association, alongside senior government officials.