Industry capable of delivering foreign orders on time

LAHORE - The Pakistan Economy Watch (PEW) on Wednesday said floods have not harmed countrys textile sector and foreign buyers need not to worry about delivery of their orders in the stipulated time.
Floods have inflicted heavy losses to the agriculture and livestock sectors while infrastructure has been devastated.
However, the textile sector, concentrated in the urban centres remained largely unharmed. It has ability and capability to accomplish all local and foreign obligations in time, said Dr. Murtaza Mughal, President PEW.
This he said while talking to a delegation of leading businessmen headed by Aziz Memon, Chairman and CEO, Karachi Garments City.
Lauding the role of media in highlighting the plight of masses, he said that some foreign buyers got the wrong message that whole country has been ravaged which can harm their interests.
Some worried foreigners have opted to shift orders to other countries which will hurt Pakistans exports, said Dr. Murtaza Mughal adding that government should do something about it to escape losses.
He said that media should paint correct picture so that local industry, especially textile sector which is the largest urban employment provider and largest foreign exchange earner may not face difficulties.
World should know that our banking and financial sector, textiles, cement, auto, power, oil and other industries are in shape and capable of conducting operations at full capacity, he stressed.
At the occasion, Aziz Memon, who also owns a 100 million-dollar-business group said that we can easily meet shortfall of 1.4 million bales through imports. We can pay for it, he said.
If Bangladesh can hold three per cent share in international garments market without producing a single kilogram of cotton, why cant we, he questioned.