Islamabad: Minister for Finance and Revenue Muhammad Aurangzeb has said that the textile sector plays a vital role in driving economic growth and exports of the country. He was speaking during a meeting with a delegation representing Pakistan's textile and apparel sector in Islamabad today.
According to Radio Pakistan, the Finance Minister appreciated the constructive engagement and valuable input provided by the representatives of the textile sector. He reaffirmed the government's commitment to maintaining regular and meaningful consultations with the business community through the dedicated Tax Policy Office of the Ministry of Finance to institutionalize continuous engagement with chambers, trade bodies, and associations throughout the year.
The Finance Minister also discussed the government's ongoing efforts to promote transparency, documentation, and improved compliance through digital monitoring systems across key sectors of the economy. He informed the delegation that digital monitoring mechanisms have already been introduced in several major sectors, including sugar, cement, beverages, and tobacco, emphasizing that the initiative had been implemented across the board without exception, including in sectors where business units owned by the Prime Minister's family also operate.
The delegation presented a comprehensive set of proposals and recommendations for the Federal Budget 2026-27 aimed at strengthening the competitiveness, sustainability, and long-term growth of the country's textile sector and export industry.