Up-coming budget to decide the destiny of textile industry

03 Jun '08

4 min read

For the past few years, the ailing textile industry of Pakistan is going through a rough phase due to hike in the prices of raw material, energy among others; however standing strong on the face of harsh competition from the neighbouring countries.

This year, the Budget will be declared on June 10, to decide the fate of the industry for the whole year, and the textile sector is optimistic that this time they are going to make it big.

Fibre2fashion, after covering an elaborate Indian budget, has moved ahead to focus on the pre-budget proposals and suggestions that are to be submitted to the present Government of Pakistan.

In this regard Mr Adil Mehmood, Chairman of the All Pakistan Textile Association (APTA), has responded positively.

According to him, APTA has been and is striving and struggling its best for protection of interest and promotion of textile industry. In sequence thereof, it has proposed and suggested the Government to provide following measures to textile in the forth coming budget.

Increasing cotton production in the country, level plying field and consistency of policy, relief to curb high cost of doing business, incentives for promotion export of textile products, simplification of laws governing business activities, rationalization of electricity Wapda / Gas tariffs, and abolishion of electric load shedding in the manufacturing facilities are the basic requirement for enhancing the textile industry.

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