APTMA again urges Pak govt for relief package
November 15, 2016 - Pakistan
Since around 30 per cent of units in the textile
and apparel sector have closed their operations, throughout the country
, the All Pakistan Textile Mills Association (APTMA) again urged the government to announce a relief package for the sector. Its chairman also noted that trade deficit soared to $7 billion during the first fiscal quarter.
Speaking at a press conference, APTMA chairman Aamir Fayyaz said policy measures required to give relief to the sector include duty-free import of raw materials, extension of long-term finance facility to indirect exports, elimination of customs duty on cotton
, input tax adjustment on packing materials, etc.
Fayyaz also demanded that a notification from the government of NEPRA-determined tariff for the sector without prevalence of surcharge to provide electricity at regionally competitive rates. (AR)