Home / Knowledge / News / Textiles / Pakistan govt to resolve energy crisis for textile growth
Pakistan govt to resolve energy crisis for textile growth
04
Dec '13
Pakistan Government is steadfast on resolving the energy crisis, which is not only impeding the functioning and progress of textile industries but impacting the economy as a whole, State Minister for Water and Power Chaudhry Abid Sher Ali said, reports APP.
 
The economic team of the Government is fully set to deal with the issues through pragmatic measures, said the Minister while addressing textile exporters at Pakistan Textile Exporters Association (PTEA). 
 
Energy crisis has hit all the sectors of economy, leading to a rise in issues like unemployment and poverty, he added.
 
According to the Minister, with the aim of reducing the wide electricity demand-supply gap, the Government has devised a comprehensive strategy and as a part of the same has identified short term, medium term and long term projects to counter the challenges, 
 
If these challenges are met, it would not only put the textile industry of the country but the entire economy back on the progress track, he added.
 
The Minister even expressed hope that the duty-free access to European Union (EU) markets resulting from generalized system of preference (GSP) Plus status that Pakistan is expected to earn shortly, would provide great boost to value-added textile exports of Pakistan, which would work as an impetus to the economy.
 
In this relation, Mr. Abid Sher Ali said the Government has chalked out a comprehensive strategy to avail optimum benefits of the GSP Plus status.
 
Earlier, terming energy and financial crisis as major obstacles in the way of boosting textile exports, PTEA chairman Sheikh Ilyas Mahmood said large sums of textile exporters are stuck in duty and tax regimes. If these refund claims are released exporters can use the funds for expanding their businesses, which in turn can boost the country’s export earnings.
 
In this relation, Mr. Ali extended an assurance of making all efforts to ensure immediate clearance of outstanding refund claims of textile exporters, who are enduring severe financial crisis.
 

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Urmil Arya

Sushila International, a well established textile organisation established ...

Johan Berlin
InvestKonsult Sweden AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Karan Arora
Karan Arora

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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