Home / Knowledge / News / Textiles / Exempt Pak textile sector from load shedding: LCCI
Exempt Pak textile sector from load shedding: LCCI
Feb '12
Lahore Chamber of Commerce and Industry (LCCI) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have sought exemption of the country's textile industry from load shedding, to take maximum advantage of the €900 million trade waiver offered by the World Trade Organization (WTO).

In addition, FPCCI has also asked the Government to rollback the recent hike in prices of fuels like gas to save the domestic industry from irreversible loss and to strengthen the country's economy.

In a joint statement SAARC CCI Vice President Iftikhar Ali Malik, LCCI Senior Vice President Meher Kashif Younis and FPCCI President Senator Haji Ghulam Ali demanded that the Government should prioritize industrial and agricultural sectors, particularly the textile industry, to benefit from the two year WTO waiver, and thereby to boost their competitiveness in world markets.

The trio urged the Government to ensure uninterrupted power and gas supply all through the year, particularly for the textile sector, to facilitate economic development and to boost export earnings.

Subsistence of a nation largely depends on a sound economy, and hence the Government should streamline its load shedding policy, allowing the textile sector to prosper, the officials said.

According to SAARC CCI VP Mr. Malik, increase in prices of gas, petroleum and power would further distress the producers, who are already suffering due to gas and power outages.

He added that high prices have resulted in liquidity crunch for industrial raw material importers, and in view of the current world trade situation, banks should cut their high mark up rates to bring them in single digit to boost the industry.

LCCI Vice President Saeeda Nazar, Senior Vice President Meher Kashif Younis and Executive members Mian Waqar Ahmad and Aftab Ahmad Vohra said power and gas shortages coupled with a rise in prices would further put pressure on the textile industry, which is already grappling with high mark up rate.

Fibre2fashion News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search