Fibre2Fashion Toggle navigation 06 Pic: Shutterstock Pakistan Hosiery Manufacturers and Exporters Association (PHMA) zonal chairman Faisal Mehboob Sheikh recently lamented that the previous Textile Policy has failed to achieve its targets, including enhancing exports from $13 billion to $26 billion, doubling value-addition from $1 billion per million cotton bales to $2 billion and creation of 3 million jobs in five years. Sheikh said ad-hoc policies cannot benefit the country’s exports and the time has come to implement the long-term textile policy in letter and spirit. “It’s good news that after the expiry of last Textile Policy, the government has come up with a new policy, comprising new targets, incentives and recommendations while all stakeholders were also taken on board before the finalization of the new policy, which is a good sign for the economy and industry,” he was quoted as saying by Pakistani media reports.