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APTMA seeks redress of textile sector issues by Pak Govt
17
Aug '16
In a press conference, the All Pakistan Textile Mills Association (APTMA) urged the Pakistan government to resolve issues facing the industry relating to cotton, liquidity, competitiveness, taxes, etc.

APTMA Punjab unit chairman Aamir Fayyaz said it was unfortunate that the government was not taking corrective action on an industry which clocks $15 billion in exports and employs 15 million people.

According to Fyaaz, during fiscal 2015-16, overall Pakistani exports have slipped by $3 billion, out of which textile and clothing exports fell $1 billion.

“In the same period, competitor countries like Bangladesh and Vietnam have posted a rise of $2 billion and $4 billion respectively, in textile and garment exports,” he noted.

In his opinion, exports from Pakistan would continue to drop if the cost of doing business is not reduced by the government.

Among other demands, the Fayaaz also demanded that all the pending refunds of the textile industry should be cleared so that they too can clear their liabilities. (AR)

Fibre2Fashion News Desk – India

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