Home / Knowledge / News / Textiles / Economic uncertainty affecting Pak textile sector - APTMA
Economic uncertainty affecting Pak textile sector - APTMA
13
Aug '14
If the prevailing uncertainty in the country stays for long time, All Pakistan Textile Mills Association (APTMA) Punjab Chairman SM Tanveer apprehends serious impact on the textile industry.

He was of the opinion that textile industry will not be able sustain long-term uncertainty since it is an export based industry.

“Alongside the millions of workers who work in the industry too face uncertainty”, Tanveer said, while addressing reporters at APTMA House.

“For continuity of jobs, productivity and growth, there must be continuity in economic activities too and national assets of the country must be protected and wheels of the economy should not stop for a single minute”, he said.

Chairman APTMA Punjab informed that the industry stakeholders were worried over the uncertainty and have demanded an early end to it.

The Pakistani textile sector has benefited from market access offered by the EU, but to take maximum benefit, a sound and stable business environment is needed, Tanveer noted.

He added by saying that it was only tolerance and moderation that could take out Pakistan out of socio-economic issues it was wrapped in and that maximum preference should be given to economically uplifting the country.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Textiles | On 17th Jul 2018

Trade wars could depress medium-term growth prospects: IMF

The recently announced and anticipated tariff increases by the US and ...

Courtesy: Mat Brown from Pexels

Textiles | On 17th Jul 2018

India increases import duties on textiles & apparel

The Government of India has increased basic customs duty on several...

Luis Quijano

Textiles | On 17th Jul 2018

US varsity student cultivates bacterial cellulose in lab

Luis Quijano, a student at the Liberty University in Lynchburg,...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Paolo Ocleppo
Sandvik Hyperion

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search