AGL 40.50 Increased By ▲ 0.30 (0.75%)
AIRLINK 129.50 Increased By ▲ 0.39 (0.3%)
BOP 6.34 Decreased By ▼ -0.26 (-3.94%)
CNERGY 3.99 Decreased By ▼ -0.04 (-0.99%)
DCL 8.43 Decreased By ▼ -0.02 (-0.24%)
DFML 42.70 Increased By ▲ 1.45 (3.52%)
DGKC 87.29 Increased By ▲ 0.29 (0.33%)
FCCL 33.60 Increased By ▲ 0.25 (0.75%)
FFBL 65.80 Decreased By ▼ -0.10 (-0.15%)
FFL 10.65 Increased By ▲ 0.11 (1.04%)
HUBC 112.80 Increased By ▲ 2.10 (1.9%)
HUMNL 15.85 Increased By ▲ 0.62 (4.07%)
KEL 4.82 Increased By ▲ 0.04 (0.84%)
KOSM 7.90 Increased By ▲ 0.07 (0.89%)
MLCF 42.02 Increased By ▲ 0.12 (0.29%)
NBP 60.50 No Change ▼ 0.00 (0%)
OGDC 183.60 Increased By ▲ 0.80 (0.44%)
PAEL 25.49 Increased By ▲ 0.13 (0.51%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 146.24 Decreased By ▼ -1.57 (-1.06%)
PRL 24.51 Decreased By ▼ -0.05 (-0.2%)
PTC 16.32 Increased By ▲ 0.08 (0.49%)
SEARL 70.60 Increased By ▲ 0.10 (0.14%)
TELE 7.35 Increased By ▲ 0.05 (0.68%)
TOMCL 36.20 Decreased By ▼ -0.10 (-0.28%)
TPLP 8.10 Increased By ▲ 0.25 (3.18%)
TREET 15.20 Decreased By ▼ -0.10 (-0.65%)
TRG 51.41 Decreased By ▼ -0.29 (-0.56%)
UNITY 27.48 Increased By ▲ 0.13 (0.48%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,866 Increased By 24.3 (0.25%)
BR30 30,156 Increased By 119.2 (0.4%)
KSE100 92,874 Increased By 353.2 (0.38%)
KSE30 28,835 Increased By 49 (0.17%)

Reacting to a news item regarding approval of special package for textile sector by ECC, M. Naqi Bari, Chairman, Pakistan Apparel Forum said that ECC has ignored apparel industry, which is the major foreign exchange earning sector of textile while approving the special package for textile.
He said that Syed Naveed Qamar, Federal Minister for Finance had assured the representatives of Pakistan Apparel Forum in a meeting held on July 29, 2008 that government would continue to provide R&D support upto June 30, 2009 for the apparel sector.
The apparel exporters had started booking their future orders on this assurance moreover, the exporters were also assured that their claims for shipments upto June 30, 2008, which were stopped by State Bank of Pakistan, would also be entertained in accordance with the SRO.
He stated that ECC has neither addressed the burning issue of continuation of R&D support nor has advised State Bank of Pakistan to entertain the claims for shipments made upto June 30, 2008. The delay in addressing such issues by the government has created uncertainty among the apparel exporters and they are worried about fulfilment of their international commitments.-PR

Copyright Business Recorder, 2008

Comments

Comments are closed.