Lower production cost will boost RMG exports, views FPCCI

10 Jan '06

1 min read

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President, Chaudhary Saeed said post WTO scenario presents adverse conditions prevailing for ready made garments and bed linen exports.

He further lamented that European Union has levied antidumping duties on the industry.

He appealed to the Government to provide better facilities to exporters of ready made garments to boost exports.

President, (FPCCI) Chaudhary Saeed along with Vice President FPCCI and Sath Anis Chief Executive Cambridge Garments discussed the RMG export scenario with Abdul Rauf President Islamabad Chamber of Commerce and Industry (ICCI).

Abdul Rauf, President, ICCI was of the view that fine quality readymade garments are produced in Pakistan, but viewed that to be able to compete effectively, cost of production has to be brought down.

Economists like Salman Shah, Omar Ayub, Hina Rabbani Khar, Chairman CBR Abdullah Yousuf and Governor State Bank of Pakistan Dr. Shamsad Akhtar, are working with Shaukat Aziz, Prime Minister of Pakistan, he elaborated.

Abdul Rauf said that textiles is major export item of Pakistan and Government has proposed to make Faisalabad, a center for value addition in textiles.

Government should lower electricity and gas tariff to boost industry and encourage foreign investment, he added.

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