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Pak govt steadfast to redress textile industry issues

09
May '12
The Government is completely aware about the issues faced by the domestic textile industry, and it would extend all possible support to aid the textile exporters, Pakistan Minister of State for Privatisation, Rana Asif Tauseef, has said.

Addressing the stakeholders of Pakistan Textile Exporters Association (PTEA) during a meeting convened on special directions given by President Asif Ali Zardari, Mr. Rana informed that Power Minister Syed Naveed Qamar would convene a high-level meeting with all textile industry stakeholders on May 9 to discuss their issues.

Mr. Rana said he was optimistic about improvement in business environment, but warned that a dramatic change should not be expected. He added that improved performance of the productive sectors would help the Government to better manage the current difficult phase.

Earlier, the PTEA Chairman expressed gratitude towards the Government for having paid due attention to the textile industry issues, but added that energy crisis faced by the Faisalabad textile industry has pushed it to the brink of collapse.

Stating that electricity crisis has led to closure of several textile units, and their collapse is likely to provoke a situation of lawlessness in the country, the PTEA Chairman urged the Government to initiate immediate action for revival of these units.

Over the past two months, Faisalabad Electricity Supply Company (FESCO) has been supplying electricity to industries for just eight hours per day and that too in broken intervals, following which the distressed textile mill owners have started approaching the association for sale of their units, the PTEA Chairman said.

He thus called on the Government to bring an immediate resolution to the energy issues to relieve the textile industry of power woes.

Fibre2fashion News Desk - India


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