The reliance of Pakistani exports has been majorly on the textile sector. This means that the government has been very generous in terms of supporting such businesses and providing all the benefits possible to boost the set up. The current party in government, Pakistan Muslim League Nawaz (PMLN) is known for bringing business friendly policies every time that they are in government. This time around, along with a boost in the textile sector, another sector has also witnessed growth.
The non-textile exports were facing a decline since July of 2014. However, if one is to monitor the growth of the sector now, there has been a 19 percent increase in the non-textile exports. This is a huge achievement for the government as Pakistan is in dire need of setting up export products because the balance of payments at the moment shows a greater ratio of imports than exports. The government has successfully managed to regulate the growth of the sector by giving out cash support packages to non-textile products leather manufacturers, footwear, sports goods, surgical, engineering goods, furniture, meat and meat products, fish products and cutlery.
Each product has witnessed growth during a short period of time. This requires calculated planning on part of the government, understanding the challenges faced by the sector and introducing policies that are beneficial to both; the producers and the country over all. With this efficiency, there is hope that the party (PMLN) will be able to retain its business voter base in the country due to this rise in exports. It is a technical win for PMLN, which at the moment is trying to retain the voter base in the country despite the ousting of the former Prime Minister Nawaz Sharif and the continuous retaliation from the opposition parties.
However, the challenge at this time will be to retain these number. The fact that the sector witnessed 19 percent growth rate in the new fiscal year and has been facing a decline in the last couple of years might be a bit worrisome for a few. This might be taken as an indication of ad-hoc policies which in the longer run do not help sustain the growth. It is now a challenge for the ruling party to show whether or not the growth can be sustained.