ISLAMABAD: The government will approve a five-year textile policy this week. The new policy will provide investment and job opportunities for millions of people.

According to the details, the sources said that the export target has been set at $20 billion in the new textile policy, which has been prepared in consultation with all stakeholders.

Sources in the Ministry of Textiles said that the policy includes a reduction in the prices of gas, electricity, and other duties. A plan to rehabilitate closed textile mills has also been made part of the policy.

The policy will provide new investment and employment to millions of people.

Owners of textile mills also expressed satisfaction that the government’s five-year textile policy is a good move. Sources further said that the implementation of the textile policy will improve the country’s economy. Five-year Textile policy was approved by Prime Minister Imran Khan last week.

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