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PRGMEA, PHMA happy with competitive energy rates in Pak

05
Mar '20
Pic: Shutterstock
Pic: Shutterstock
The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) and Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) are satisfied with the government’s decision to supply electricity at a regionally competitive rate of 7.5 cents per kWh and gas at 6.5 dollars per a million British thermal unit (MMBTU) to the export sector.

They feel the decision will significantly boost value-added textile exports, according to Pakistani media reports.

A joint meeting of PHMA and PRGMEA recently also called for ease of doing business, lowering cost of production, solution of liquidity crunch through early refunds payment, long-term and consistent energy tariff policy and relaxed import policy for industrial raw materials so that industrialisation could be promoted and exports could be enhanced.

The associations also demanded that all stuck-up claims of exporters should be released without delay. Liquidity crunch was a major stumbling block for raising exports, they maintained.

Fibre2Fashion News Desk (DS)


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