Home / Knowledge / News / Textiles / Pak govt steadfast to redress textile industry issues
Pak govt steadfast to redress textile industry issues
09
May '12
The Government is completely aware about the issues faced by the domestic textile industry, and it would extend all possible support to aid the textile exporters, Pakistan Minister of State for Privatisation, Rana Asif Tauseef, has said.

Addressing the stakeholders of Pakistan Textile Exporters Association (PTEA) during a meeting convened on special directions given by President Asif Ali Zardari, Mr. Rana informed that Power Minister Syed Naveed Qamar would convene a high-level meeting with all textile industry stakeholders on May 9 to discuss their issues.

Mr. Rana said he was optimistic about improvement in business environment, but warned that a dramatic change should not be expected. He added that improved performance of the productive sectors would help the Government to better manage the current difficult phase.

Earlier, the PTEA Chairman expressed gratitude towards the Government for having paid due attention to the textile industry issues, but added that energy crisis faced by the Faisalabad textile industry has pushed it to the brink of collapse.

Stating that electricity crisis has led to closure of several textile units, and their collapse is likely to provoke a situation of lawlessness in the country, the PTEA Chairman urged the Government to initiate immediate action for revival of these units.

Over the past two months, Faisalabad Electricity Supply Company (FESCO) has been supplying electricity to industries for just eight hours per day and that too in broken intervals, following which the distressed textile mill owners have started approaching the association for sale of their units, the PTEA Chairman said.

He thus called on the Government to bring an immediate resolution to the energy issues to relieve the textile industry of power woes.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

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...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search