Pakistan Ready-made Garments Manufacturers and Exporters Association (Prgmea) said on Wednesday that the PML-N government should make it a top priority for obtaining Generalised System of Preferences (GSP) Plus status for Pakistan to strengthen the country economically, besides improving foreign exchange.
Prgmea Central Chairman Sajid Salim Minhas, while felicitating the PML-N leadership on massive victory in the general elections, observed that obtaining GSP Plus status for Pakistan is a challenge for the new government, besides overcoming energy crisis and putting value-added textile industry on track by working on a war footing. He also expressed the hope that the new government would take energy shortage as a challenge, enabling the industry to perform at optimum level, besides attracting new investment and increasing exports.
The hopes are on very high notes and country has been in need of serious and talented leadership that can resolve energy crisis and trigger economic revival for a long-time, he said. He reposed full confidence in new leadership and said that PML-N had the ability to face challenges and take Pakistan towards economic prosperity.
He demanded the new government to hire competent lawyers to plead Pakistan's case in the European Union (EU) for Generalised System of Preferences, as Pakistan would get the status once the legal formalities are completed. Now the ball is in the court of Pakistan to effectively negotiate with EU to obtain GSP plus in 2014, he said and added that it is unfortunate that we still have to submit at least five more progress reports for our application to be processed by the EU.
Comments
Comments are closed.