Pakistan’s Textile Sector to Benefit A Lot From New US Tariff Policy: Chairman PRGMEA

Pakistan’s overall exports, particularly the textile sector will get benefits from the new USA tariff policy. This was stated by Shaikh Shafiq Jhok Wala, Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) while speaking as the chief guest at the inauguration of the 29th Textile Asia 2025 being held on Saturday at Expo Center, Karachi. The imposition of heavy tariffs on China and other countries by the USA administration will create a demand of textiles, garments, and various products in the American market that will provide an opportunity for Pakistani companies to grow their exports of textile and garments manifold to this market. He said the changing international trade climate is challenging, but it will likely be favorable for Pakistan and its industries and export growth. He said that the Pakistani government is working to facilitate Chinese and Vietnamese companies in establishing their industrial units in special zones of Pakistan and producing made-in-Pakistan made-ups in collaboration with local investors and industries. These companies will export their brands through the land of Pakistan. In this way, Pakistan will grow its exports to up to $35 billion in the next few years, with a major contribution from the textile sector. On the occasion, Project Director Textile Asia Muhammad Uzair Nizam said that the overwhelming participation of foreign delegates and national business leaders in the textile trade fair is testament to an impressive business opportunity and growth in Pakistan. The objective of this trade fair is to enhance the contribution of the textile sector in national GDP through advancement, innovation and development. The session was also attended by foreign diplomats, including Turkey, China, Germany, and others.