Interviews
Readymade garment export decline in Feb
27 Mar '07
2 min read
They urged on government to take immediate steps to salvage the country's declining textile industry as it failed to compete with the other regional and neighbouring countries including India, Bangladesh and China.
They pointed out that local industry was paying higher utility charges than the Indian and Bangladeshi industries because they were constantly being supported by their respective governments with a view to multiply textile export, whereas local industrialists were bearing all the expenses by themselves.
"Basically, we lack effective policies by the government, which failed to develop the textile industry by lowering utility charges and export duties," they added.
They said that they had presented several recommendations to Prime Minister Shaukat Aziz and other concerned authorities with a view to pull the crisis-hit textile industry out of the trouble water, which had almost gone up in smoke.
They pointed out that local industry was paying higher utility charges than the Indian and Bangladeshi industries because they were constantly being supported by their respective governments with a view to multiply textile export, whereas local industrialists were bearing all the expenses by themselves.
"Basically, we lack effective policies by the government, which failed to develop the textile industry by lowering utility charges and export duties," they added.
They said that they had presented several recommendations to Prime Minister Shaukat Aziz and other concerned authorities with a view to pull the crisis-hit textile industry out of the trouble water, which had almost gone up in smoke.
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