ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) urged the government on Saturday to make a detailed plan to stimulate value addition in textiles and other sectors to encourage exports and employment after GSP Plus.

Speaking to the business community, FPCCI president Zubair Ahmad Malik said textile sector should be a priority which contributes 8 per cent to GDP, 54pc to exports, produces, 24pc of industrial value-added products, employs 40pc of urban labour and absorbs 40pc of bank credit.

He said China generates $4 billion from one million cotton bales, India $2bn by it cotton output while Pakistan only generates $1bn due to lack of value addition. He said that apart from textiles, the allied industry needs special attention of the policy makers to improve its performance which will increase exports from the country.—APP