ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday expressed concern over the estimates that Pakistan’s external debt would swell to $110 billion in four years while $22 billion would be required to pay interest. The government should initiate serious reforms, provide incentives to export sector, and announce package for textile industry otherwise it would have no option but to return to International Monetary Fund (IMF), said Islamabad Chamber of Small Traders Patron Shahid Rasheed Butt. Lauding Prime Minister Nawaz Sharif for considering Rs 200 billion package for revival and modernisation of the external sector, he said that the package should be announced soon. Shahid Rasheed Butt said textile sector deserves extra attention, as it is the largest foreign exchange earner and largest urban job-providing sector that is considered as backbone of the economy. Technological and infrastructural improvements have become imperative in the export sector to help it compete with regional competitors, he said, adding that the process of revival of ailing textile sector and other export industries should be initiated without delay. Butt said that energy crisis, cost of energy, incoherent policies, regional competition, undue taxation and issue of refunds etc. have taken a toll on this industry providing jobs to 3.5 million people. The veteran business leader demanded the authorities to finalise the package without any delay to revive textile sector, which was crumbling due to multiple reasons needing immediate government interference.