Pakistan Textile Council Welcomes Export Support Measures, Urges Competitiveness Before India–EU FTA

Overview

• The PTC praised Prime Minister Shehbaz Sharif’s recognition of top exporters as a timely vote of confidence in export-led growth.
• It highlighted a one-percentage-point CRR cut that released over Rs300 billion in liquidity, enabling banks to absorb a 300-basis-point reduction in ERF rates while preserving stability.
• The council endorsed removing cross-subsidies from industrial power tariffs, calling it a long-overdue fix to distortions that penalised exporters.
• Chairman Fawad Anwar said the perceived threat to EU sales from the India–EU trade agreement is overstated and urged a policy focus on competitiveness.
• PTC set out priorities including safeguarding GSP Plus, regionally competitive taxes, investment-linked incentives, a market-aligned exchange rate, duty-free inputs, and fewer bureaucratic hurdles, pledging cooperation with the government.