Federal Minister of Commerce Khurram Dastgir Khan has said that Pakistan was investing in its energy sector in order to achieve a constant growth rate in its textile sector.
In an interview with a European newspaper (New Europe), the minister said that Pakistan’s exports have been making their way through international markets including the USA and EU for many decades.
To a question, the minister said that the US has traditionally been Pakistan’s single largest export market and there will be no extraordinary changes now.
“At the moment, we are analysing the situation we would like to be engaged in. Particularly, Pakistan is exporting many goods that are no longer produced in the US, particularly textiles”, he said.
However, he said that since 2014, the EU became a major partner and gave Pakistan the GSP+ status. “We wanted the Americans to give us the same status, but apparently both Bush and Obama administrations thought that the Congress and the Senate would not agree to such concessions,” he explained.
To another question, the minister said that there had been a lot of Chinese investment in various areas, including solar and green energy.
“It is not just the Chinese who invest in our country. Pakistan is also financing from its own resources three major natural gas fields”, he added.
Explaining Pakistan’s capability to take the chain of production from the start to the end, Dastgir said, “We produce clothes and textiles without relying on outside aid, and export across the world.”
