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Implement policies to revive industry – Trade bodies
Oct '09
Representatives from different trade bodies who had gathered at a program organised by the Lahore Economic Journalists Association, unanimously exhorted the government to effectively implement policies to revive the industrial sector.

They also pointed out that the economic turmoil in the country is due to inability of successive governments to properly implement the policies announced by it, rather than the global recession.

Former President of Pakistan Readymade Garments Manufacturers Association (PRGMEA), Mr Naseer Malik, quoting the recently declared textile policy said that it was a very good policy document, which was prepared in consultation with stake holders from the industry.

But, the facilitations provided under the textile policy are linked with the registration of all the exporters with the Textile Ministry through their respective associations, which some SMEs are not in a position to fulfill all the requirements incorporated by the ministry for registration, he said.

He added by saying, the sensible way, would have been to get them registered through the association and then made it mandatory for them to fulfill the requirements within 3-6 months so that they could avail the facilitations and boost exports.

Former Chairman of Pakistan Hosiery Manufacturers Association (PHMA), Shahzad Azam Khan said that the Finance Minister has been promising since the last one year that R&D held for the last two years would be immediately released.

But, the promise has not yet been fulfilled and it is unfair to withhold genuine refunds of the exporters and which also casts a negative spell on the credibility of the incumbent government, he said.

The representative of All Pakistan Textile Mills Association (APTMA) was of the opinion that power and energy shortage have crippled the textile industry and were assured by high level Govt functionaries that textile spinners would be treated at par with fertilizer units.

Despite which, he complained that the gas supplier has sent a notice to APTMA, notifying it of gas cut schedules for three months beginning, November 2009, in addition to which the sector is subjected to daily five hours electricity load shedding.

Fibre2fashion News Desk - India

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