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Pak Trade body seeks Govt support for GSP plus benefits

Central Chairman of Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Shahzad Azam Khan has said that the benefits of GSP Plus with EU can only be reaped by maximum value-addition in finished products than exporting only raw materials. To do this, he sought government’s support in improving the production processes.

Usman Jawaad, Zonal Chairman of PHMA has also asked the government to boost value-added apparel export sector since it has the potential to bring in maximum benefits of GSP Plus apart from providing mass employment opportunities for the jobless of the country. Power and gas supply are two major roadblocks for the industry’s growth. He asserted that industry would not be able to execute the abundant export orders it is receiving if gas was not supplied to textile processing units and suspension of gas supply could results in mass unemployment at textile hubs like Faisalabad, Lahore, Sialkot and Multan.

He further said knitwear export industry was adding manifold value to basic commodities like raw cotton and yarn and it alone fetched foreign exchange worth more than $2 billion for the country which was the highest of all, but the industry is being ignored by depriving gas supply.

www.phmaonline.com

 
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