The All Pakistan Textile Mills Association (APTMA) has demanded the government revive their contracts with the Independent Power Producers as they were involved in over billing. There is a corruption of Rs 200 billion in power sector, it said. While addressing the press conference, Group Leader APTMA Gohar Ejaz and Chairman APTMA Syed Ali Ahsan claimed that due to corruption in power sector the circular debt has reached 1.4 trillion rupees.
They also said that the government should impose 200 percent duty on Indian products as they had imposed duty on Pakistani products. He said Pakistan's export to India is 500 million dollars while India's export to Pakistan is 2.50 billion dollars.
They said after the fulfillment of government's promise of giving gas to the industry on 6.50 dollar per MMBTU and power at the rate of 7.50 per cent, our exports increased by 8.50 percent. The textile exports will reach 16 billion dollars till the end of the year. They said if the government keeps on providing gas and power on competitive rates then in the next five years country's export will be 27 billion dollars.
The textile leaders said that only this sector has the capacity to help overcome the issue of current account deficit. They also said that the government should constitute a task force on cotton which will work for increasing the production as well as the quality of the cotton in the country.
The government should solve the issue of tax refunds on priority basis. They demanded that the government should give incentives to revive the close capacity of 2 to 3 billion dollars. Value addition is the need of the hour, they opined.
Comments
Comments are closed.