He said the APTMA has visualized an export potential of $25b by 2014 with an investment of $2 billion per annum resulting in creation of job opportunities for work force of one million and an increase in exports by $4billion. For achieving an economic turnaround, Gohar said it is imperative that a special line of credit for industry at internationally competitive interest rates be provided for.
He said APTMA is funding cotton research by contributing Rs.250 million as cess on cotton and this contribution is being increased to 250%. It is submitted that cotton research management be re-structured to involve farmers and the industry in a meaningful way.
According to him, the “Bulk Import of LNG” project at Karachi Port Terminal should be expedited to meet prevailing gas shortage. He also urged the President that a special interest rate comparable with the international interest rate under the Textile Investment Support Fund (TISF) should be extended at earliest to encourage new investments. He assured the President making APTMA a partner in all efforts of the government to better the country's market access.
All Pakistan Textile Mills Association (APTMA)
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