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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
June 2017

June 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