APTMA to en­hance textile ex­ports

The Pak Banker - - NATIONAL -

All Pak­istan Textile Mills As­so­ci­a­tion (APTMA) and other as­so­ci­a­tions of textile in­dus­try wanted to en­hance their ex­ports pro­vided gov­ern­ment ex­tends sup­port and cre­ate con­ducive en­vi­ron­ment in this re­gard.

"We are com­mit­ted to en­hanc­ing the coun­try's ex­ports of textile prod­ucts which had de­creased by 1.76 per­cent in per­vi­ous fis­cal year (2014-15)",Vice Chair­man APTMA-Punjab Re­gion Sheikh Muham­mad Ak­bar told APP on Mon­day. He said that APTMA has re­posed full con­fi­dence in the poli­cies of the gov­ern­ment and spe­cially Min­is­ter for Fi­nance, Ishaq Dar for his ef­forts in re­solv­ing the is­sues of the textile in­dus­try aim­ing at re­duc­ing cost of do­ing busi­ness of the in­dus­try.

The Vice Chair­man said that APTMA be­lieved in re­solv­ing is­sues peace­fully with the gov­ern­ment and through ne­go­ti­a­tion. Our gen­uine de­mands

were be­ing taken se­ri­ously by the gov­ern­ment to re­solve them.

Sheikh Ak­bar said other lead­ing as­so­ci­a­tions of the textile in­dus­try in­clud­ing Pak­istan Textile Ex­porters As­so­ci­a­tion ( PTEA), All Pak­istan Power-looms As­so­ci­a­tion (APA) and the All Pak­istan Siz­ing In­dus­try As­so­ci­a­tion (APSIA) have de­cided to pre­fer di­a­logue to any other op­tion with gov­ern­ment and hoped that their gen­uine de­mands would be taken care of. He fur­ther vowed to en­hance the re­gional trade and com­pete with other re­gional coun­tries in textile sec­tor and asked to author­i­ties con­cerned to re­solve the gen­uine prob­lems of the in­dus­try.

Sheikh claimed that as com­pared to the other re­gional coun­tries in Pak­istan the mem­ber mills of APTMA were con­cerned about the high cost of do­ing busi­ness, in­clud­ing bur­den­ing of the in­dus­try with sur­charges in elec­tric­ity bills, and tax­a­tion on the ex­port-ori­ented textile in­dus­try. He also in­formed that the gov­ern­ment was aware of in­dus­try's prob­lems as APTMA has al­ready sub­mit­ted a 7-point agenda to the Min­istry of Com­merce in this re­gard.

Vice Chair­man APTMA ap­pre­ci­ated, the gov­ern­ment ef­forts to bring for­eign in­vest­ment in the coun­try and said that sign­ing of US$ 46 bil­lion agree­ment China Pak­istan Eco­nomic Cor­ri­dor (CPEC) was a big achieve­ment and that would sup­port to ex­plor­ing new av­enues and help en­hance the global and re­gional trade.

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