The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended support for the revival of Pakistan’s textile industry. The federation has also appealed for government support for the development of the textile industry. More than 60 per cent of the country’s exports constitute textile products, which contribute majorly to revenue generation.

FPCCI also raised concerns over the protests held by textile trade bodies. Opposition through protest will affect the working of the industry and will also affect the economy of the country, says FPCCI.

The textile industry contributes around eight per cent to the GDP, employs about 40 per cent of the industrial labor force of Pakistan.

For efficient functioning of Pakistan’s textile industry, FPCCI has asked the government to release the pending finances. The export incentive package announced by the prime minister in January this year should be implemented at the earliest, it says.

It has appealed to the government to withdraw the levy of Rs 3.63 per kwh surcharge in electricity bills and reduce textile related imports from China to prevent the textile industry from totally collapsing.

The Federation of Pakistan Chambers of Commerce and Industry is the apex body of trade and industry in Pakistan and the chief representative of the private sector in Pakistan.