ISLAMABAD: Adviser PM on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood assured textile industry representatives of taking up with Prime Minister Imran Khan the issue...
ISLAMABAD: Adviser PM on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood assured textile industry representatives of taking up with Prime Minister Imran Khan the issue of non-implementation of energy package and getting it resolved once for all.
During the meeting, All Pakistan Textile Mills Association (APTMA) delegation agitated 12 issues including the non-implementation of energy package in true spirit. In the meeting, Commerce Secretary Sardar Ahmad Sukhaira was also present in the meeting, a senior official who was part of the meeting told The News.
APTMA, in the meeting, he said, demanded long-term textile policy arguing that Pakistan’s exports, which have shown remarkable progress of 26 percent in volume terms and are set to contribute an addition of $2 billion to the export of country, will lose their competitive edge because of non-implementation of the agreed energy tariffs, non-availability of raw material and credit squeeze due to severe issues with the new GST refund system as well as the extremely high rate of 17 percent GST. “This all is jeopardising investment and increase in quantity and price, the official quoted APTMA as saying.