The All Pakistan Textile Mills Association (ATPMA) has asked the Pakistani government to take over the country’s textile industry owing to several issues, it has been facing that are causing hurdles in the country’s export competitiveness.
APTMA Chairman SM Tanveer and a group leader Gohar Ejaz have said the textile industry has become unviable because of heavy subsidization in competing countries of the region. The Pakistan readymade garments manufacturers and exporters association (PRGMEA), on the other hand, has demanded special status to export-oriented value-added textile industry allowing it zero rating facility to boost new investment and revive economic growth.
The APTMA also briefed on the plight of textile industry after comparing it with the Indian industry on the basis of a study conducted by the Gherzi International, a Switzerland-based textile industry consultancy. Tanveer said that the duration of load shedding in Punjab’s textile industry has increased by two hours and the industry gets gas for only six hours, which is badly impacting it from achieving its export target.
www.aptma.org.pk
