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APTMA urges for export led growth to economic stability

Amir Fayyaz Sheikh Chairman All Pakistan Textile Mills Association (APTMA), at the time of the press conference stated that textile industry contributed 60 per cent in total exports of the country, which was considered backbone of the economy.

He welcomed Rs 180 billion “Export enhancement package” stating that this package would give huge relief to the textile sector for improving the exports in the sector.

According to him availability of energy at regionally competitive price was important and that budget for the 2017-18, Rs 4 billion will be allocated for “Export enhancement package”.

The Chairman APTMA stressed for the implementation of this package which also gave relaxation on the import of textile machinery for the modernization and enhance the capacity of the sector. The package would strengthen the country’s economy by increasing the country’s exports and that the that energy is the important element of cost of production particularly for spinning, weaving and processing industry, says Amir and he wishes to compete with regional competitors including India, Bangladesh and Vietnam for improving the country’s exports.The Chairman APTMA urged for proving ease of doing business in the country.