AIRLINK 217.98 No Change ▼ 0.00 (0%)
BOP 10.93 No Change ▼ 0.00 (0%)
CNERGY 7.55 No Change ▼ 0.00 (0%)
FCCL 34.83 No Change ▼ 0.00 (0%)
FFL 19.32 No Change ▼ 0.00 (0%)
FLYNG 25.15 No Change ▼ 0.00 (0%)
HUBC 131.09 No Change ▼ 0.00 (0%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.18 No Change ▼ 0.00 (0%)
KOSM 7.36 No Change ▼ 0.00 (0%)
MLCF 45.63 No Change ▼ 0.00 (0%)
OGDC 222.08 No Change ▼ 0.00 (0%)
PACE 8.16 No Change ▼ 0.00 (0%)
PAEL 44.19 No Change ▼ 0.00 (0%)
PIAHCLA 17.69 No Change ▼ 0.00 (0%)
PIBTL 8.97 No Change ▼ 0.00 (0%)
POWERPS 12.51 No Change ▼ 0.00 (0%)
PPL 193.01 No Change ▼ 0.00 (0%)
PRL 43.17 No Change ▼ 0.00 (0%)
PTC 26.63 No Change ▼ 0.00 (0%)
SEARL 107.08 No Change ▼ 0.00 (0%)
SILK 1.04 No Change ▼ 0.00 (0%)
SSGC 45.00 No Change ▼ 0.00 (0%)
SYM 21.19 No Change ▼ 0.00 (0%)
TELE 10.15 No Change ▼ 0.00 (0%)
TPLP 14.51 No Change ▼ 0.00 (0%)
TRG 67.28 No Change ▼ 0.00 (0%)
WAVESAPP 11.29 No Change ▼ 0.00 (0%)
WTL 1.70 No Change ▼ 0.00 (0%)
YOUW 4.25 No Change ▼ 0.00 (0%)
BR100 12,191 Decreased By -205.8 (-1.66%)
BR30 36,583 Decreased By -764.3 (-2.05%)
KSE100 116,255 Decreased By -1331.9 (-1.13%)
KSE30 36,603 Decreased By -461.7 (-1.25%)

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Senior Vice Chairman Usman Ashraf said on Sunday that LCs (Letters of Credit) of raw materials and other products for export manufacturing, should be opened on a priority basis and their containers should also be cleared.

He expressed these views while briefing a meeting of the association on his return home after participating in an international exhibition held in Germany. Senior central leader Abdul Latif Malik, Chairman of Carpet Training Institute Pervaiz Hanif, senior member Riaz Ahmed, Saeed Khan, Major Akhtar Nazir (Retd), Shahid Hasan, Ejazur Rehman, Muhammad Akbar Malik and others participated in the meeting.

He said, there would be further reduction in the volume of exports if appropriate measures were not taken at the earliest. He said that participation in the ‘Domotax’ exhibition held in Germany was very successful and it was hoped that it would have a positive impact on the hand-woven carpet industry of Pakistan.

Usman Ashraf also informed the participants of the meeting about the appreciation received by Pakistani products in the “Domotax” exhibition and the meetings with the foreign delegates.

He said that with the further support of government, such international exhibitions could be proved more fruitful, adding that PCMEA would forward suggestions to the government in this regard.

The meeting expressed concern over the non-opening of LCs and said that the shortage of imported chemicals used in the manufacture of carpets was affecting foreign orders.

Usman Ashraf appealed to the government that the LCs of perishable raw materials and other products for export manufacturing should be opened on a priority basis and authorities concerned should be directed to clear the containers as soon as possible.

Comments

Comments are closed.