The Governor of Pakistan's Punjab province has promised to help the textile exporters to cut down their production cost in respect of exportable items, by ensuring uninterrupted power and gas supply, clearance of duty drawback claims and sales tax refunds and arranging for concessionary export finance.
During a meeting with Chairman Rana Arif Tauseef and other members of Pakistan Textile Exporters Association (PTEA), Sardar Latif Ahmad Khosa, Governor of Punjab, commended the part played by the textile exporters in the country's growth and added that they have greatly contributed in putting the country on the path of economic development.
Assuring his government's full support to the textile exporters, he said the government would partner the business community and both the parties would jointly work for development of the nation.
Mr. Khosa stated of the ruling government to be pro-business and added that it believes in industrial development for strengthening the nation's economy.
The PTEA Chairman detailed the issues and blockages impeding development and exports of the textile industry. Highlighting some of the key issues, he said, gas and power shortage have laid an adverse effect on the whole industrial sector, which is already confronting tough times.
He said power and gas shortages have not only led to a significant fall in production, but have also pushed-up the unemployment graph. He thus called for regularizing the industrial process in the country and sought introduction of LPG in gas system.
He stated that the local duty drawback, which was introduced through the textile policy, produced positive results, with a rise in value-added textile item exports during the past two years. As the facility expired in June this year, he demanded extension of the same.
Fibre2fashion News Desk - India
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