Industrialists have called for the interest rate to be brought down to a single digit and for the introduction of a five-year textile policy ahead of the 2026-27 federal budget.
Although successive budgets have carried promises of reviving the textile sector, industry representatives say their longstanding concerns remain unresolved. Textile mill owners in Faisalabad are once again awaiting relief in electricity and gas tariffs, as well as taxation measures.
Rising electricity and gas prices, heavy taxation and the continued increase in production costs have placed severe pressure on the textile industry, Pakistan’s largest export sector. Industrialists in Faisalabad said lower electricity and gas prices were essential if Pakistan was to compete effectively with other countries in the region.
Exporters have also urged the government to ensure the prompt payment of export refunds and to reduce taxes in the forthcoming federal budget.
Industrialists have submitted a nine-point set of proposals to the Ministry of Finance and the Ministry of Commerce, including a reduction in the interest rate to a single digit and the introduction of a five-year textile policy.
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