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PRGMEA welcomes new government

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) welcomed the new government. It hoped that the new government will form a competent team to address the economic issues due to lower exports and higher imports. It urged the government to take measures to enhance exports and make strong policies for industrialisation in the country.

PRGMEA also stressed the need for early clearance of outstanding refund cases. It urged the new government to clear outstanding refund cases to protect the industry from total collapse. Terming the renewal of GSP Plus as a golden opportunity, which Pakistan exporters could exploit; it also recommended export emergency be declared in the country to control the decline in export sector.

PTGMEA has said high cost of doing business, issues of market access and exchange rate are hindering the exports growth and the government will have to work on it in consultation with the stakeholders to resolve the problems.