AIRLINK 191.00 Decreased By ▼ -5.65 (-2.87%)
BOP 10.15 Increased By ▲ 0.01 (0.1%)
CNERGY 6.75 Increased By ▲ 0.06 (0.9%)
FCCL 34.35 Increased By ▲ 1.33 (4.03%)
FFL 17.42 Increased By ▲ 0.77 (4.62%)
FLYNG 23.80 Increased By ▲ 1.35 (6.01%)
HUBC 126.30 Decreased By ▼ -0.99 (-0.78%)
HUMNL 13.80 Decreased By ▼ -0.10 (-0.72%)
KEL 4.75 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.55 Increased By ▲ 0.18 (2.83%)
MLCF 43.35 Increased By ▲ 1.13 (2.68%)
OGDC 226.45 Increased By ▲ 13.42 (6.3%)
PACE 7.35 Increased By ▲ 0.34 (4.85%)
PAEL 41.96 Increased By ▲ 1.09 (2.67%)
PIAHCLA 17.24 Increased By ▲ 0.42 (2.5%)
PIBTL 8.45 Increased By ▲ 0.16 (1.93%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 194.30 Increased By ▲ 10.73 (5.85%)
PRL 37.50 Decreased By ▼ -0.77 (-2.01%)
PTC 24.05 Decreased By ▼ -0.02 (-0.08%)
SEARL 94.97 Decreased By ▼ -0.14 (-0.15%)
SILK 1.00 No Change ▼ 0.00 (0%)
SSGC 40.00 Decreased By ▼ -0.31 (-0.77%)
SYM 17.80 Decreased By ▼ -0.41 (-2.25%)
TELE 8.72 Decreased By ▼ -0.01 (-0.11%)
TPLP 12.46 Increased By ▲ 0.25 (2.05%)
TRG 62.74 Decreased By ▼ -1.62 (-2.52%)
WAVESAPP 10.35 Decreased By ▼ -0.09 (-0.86%)
WTL 1.73 Decreased By ▼ -0.06 (-3.35%)
YOUW 4.02 Increased By ▲ 0.02 (0.5%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

Pakistan Textile Exporters Association (PTEA) have demanded special arrangements for the delayed export consignments from upcountry held up due to communication disruption, looting and arson and severe electricity and gas load-shedding incidents.
In an appeal to Prime Minister Mohammadmian Soomro here on Thursday Chairman PTEA Tahir Ishaque Bharara said that textile exports from Faisalabad were facing multiple difficulties due to prevailing turmoil and uncertain conditions in the country.
He said that no export consignment could be dispatched from Faisalabad over the last 12 days due to (a) Eid holidays, (b) Disruption of communication after slaying of Benazir Bhutto incident. (C) Lack of security on the route from Faisalabad to Karachi Port. (d) Arson and looting of cargo vehicles and cargo trains by miscreants. Resultantly many export orders have been defaulted.
He pointed out that foreign buyers are threatening to cancel export orders in hand as severe load-shedding and low gas pressure have disrupted the industrial production and manufacturing schedule of export orders. Further more the industry is suffering huge losses of productivity as well as exorbitant rise in cost of production.
Soliciting immediate intervention of the Prime Minister to facilitate the exporters and save the textile exports from total disaster, PTEA Chairman requested that (a) That arrangements for save and secured dispatch of export consignments to Karachi may kindly be ensured. (b) Appropriate load- shedding management of electricity and gas may be directed. (c) Last year the export- oriented units were specifically exempted from electricity and gas load-shedding in greater national interest. (d) Under similar circumstances in the aftermath of 9/11 incident special air lifting of defaulted consignments was made and freight subsidy was allowed.
He requested that freight subsidy may be allowed under the present circumstances for victims of defaulted consignments. (e) To cope with the continuous declining trend over last 2 years in exports to rationalise cost of manufacturing and give boost to exports mark-up rate may kindly be reduced.

Copyright Business Recorder, 2008

Comments

Comments are closed.