PRGMEA seeks relief package

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) central chairman Shaikh Mohammad Shafiq urged the government to provide a relief package for the textile industry, which has been badly hit by unprecedented electricity and gas crisis.
He said that Pakistan is 5th largest cotton producing country but in value addition our performance is dismally poor. Textile exports declined to $1.093 billion in September 2015 from $1.110 billion over previous month of August 2015, which reflects a decline of 1.52 percent, according to Pakistan Bureau of Statistics (PBS). It is because of the deteriorating law & order situation and the shortage of electricity & gas, factories are unable to in-time deliver whatever limited orders they managed to procure from their foreign buyers. Shafiq strongly opposed the imposition of Regulatory Duty on import of Cotton Yarn and demanded immediate withdrawal of the regulatory duty on import of cotton yarn and fabric.-PR