All textile policies in future will be announced at the time of cotton growing season. This was announced by Minister for Textile and Industry Mushtaq Ali Cheema at the annual general meeting function of All Pakistan Textile Processing Mills Association (APTPMA).
Speaking about cotton production targets in the country, the minister said that 11 million cotton bales were expected in the current year.
He stated that building of dams were mandatory and those speaking against them were politically localised people.
Stressing upon creating regional links for promotion of textile sector, the minister stated that example of European Union was there to be followed.
The minister, showing concern on petrol price hike in the world and its effects on our economy, stated that Rs 18 billion loss has already been occurred due to these spirals.
The minister, hinting at expansion of Textile Commissioners Offices in the country, stated that the CBR was doing a wonderful job in handling sales tax regime.
Speaking about loadshedding and its effects on textile sector, Cheema stated that this problem could, somehow, be managed locally.
The minister told the textile fraternity of opening of Green Channel and thus direct transfer of account in the sequence was to be followed, he added.
The minister, giving details of textile machinery imported in the country in last two years, stated that its amount stood at $4 billion. He said that Pakistan was in a better position than India in that context.
Talking about importance of manmade fibre, he said 70 percent of work in textile sector was due to this fibre.
Earlier, APTPMA Chairman Shaikh Muhammad Amjad asked the government to disclose developments on recommendations of 'Vision 2005'prepared during the tenure of former commerce minister Razak Dawood.