Home / Knowledge / News / Textiles / Govt urged to reduce cost of doing business for textiles
Govt urged to reduce cost of doing business for textiles
Jul '11
To counter the rising cost of carrying out business brought about by the recent Budget, the All Pakistan Handloom and Traditional Textiles Manufacturers and Exporters Association (APHTTMEA) Chairman Muhammad Aasim Shah has urged the Government officials to intervene in the matter and take immediate measures to reduce the cost of doing business and bring it to an equitable level.

Mr. Shah said that the Government needs to rescue the value-added textile sector from troubles, as it is the biggest foreign exchange earning industry for the country contributing nearly 67 percent of the same.

He added that the current gas and power shortages are a matter of grave concern for the textile industry, as it is not only causing the industry to suffer heavy production losses, but even to lose its traditional global export markets.

Further, he asked Prime Minister Yousaf Raza Gilani and President Asif Ali Zardari to extend the research and development concessions given to exporters for at least another four years.

He said, such an extension would help bring down the cost of doing business to reasonable levels, as tax and ERF rates are higher in Pakistan as compared to other countries.

He cited that the textile industry contributes around 27 percent in industrial value-addition and accounts for 38 percent of the employment in the industrial sector.

Hence, he said, continuous power outages which pose a serious threat to the textile sector are equally detrimental for the national economy as well.

Besides, low productivity is also holding back the exporters from fulfilling their export commitments, he added.

In view of this, Mr. Shah recommended that the Government should consider utilizing hydel power resources through construction of water reservoirs and power generation units, which is a more economical mode of energy generation.

He even stressed that Pakistan too should look for alternative energy sources, taking a cue from other countries. He cited examples of Germany, which generates over 21,000 MW and India, which generates 7,000 MW of power, with the help of wind energy.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search