Home / Knowledge / News / Textiles / FM promises to relieve textile industry of existing pressures
FM promises to relieve textile industry of existing pressures
19
Jul '08
The delegation of Karachi Chambers of Commerce and Industry was assured by Syed Naveed Qamar, Finance Minister, that the Government of Pakistan would review the power, and gas tariff imposed on the captive power plants of the textile industry.

The delegation comprised of representatives of various chambers of commerce from across the nation and is led by Mr Shamin Shamsi, President of KCCI.

The Finance Minister ascertained that the Government of Pakistan was considering relief measures for the textile industry manufacturers despite budgetary constraints and would work out a strategy to develop suitable climate for investments in the sector.

Mr Syed also assured that the textile industry would be given an update within a week about the progress made by the Government on revising existing gas tariff. A review meeting for this is scheduled to be held by the end of next week.

Fiscal space problems within the existing budgetary resources along with a rise in fuel prices in the international market have also become areas of concern for the KCCI.


Must ReadView All

India's Kay Ventures aims to turn Karur into knitwear hub

Apparel/Garments | On 20th Aug 2018

India's Kay Ventures aims to turn Karur into knitwear hub

India’s Kay Ventures has teamed up with Hydra Micro Business...

Uzbekistan-China meeting discusses textile cooperation

Textiles | On 20th Aug 2018

Uzbekistan-China meeting discusses textile cooperation

A meeting of the Uzbek-Chinese business forum on cooperation in the...

Moldova wooing Indian investors in textiles, agriculture

Textiles | On 20th Aug 2018

Moldova wooing Indian investors in textiles, agriculture

Moldova is wooing Indian investors in textiles, agriculture and a few ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search