All Pakistan Textile Mills Association (APTMA) Chairman, S M Tanveer has said that the Prime Minister Nawaz Sharif has assured of resolving the textile industry issues in a meeting, likely to be held in second week of September with APTMA and other textile industry associations.
He said the spade work for this meeting is under process with the inter-ministerial committee. Earlier, APTMA had represented eight-point proposal to the Federal Textile Board, working group of the Ministry of Commerce and the Special Assistant to the Prime Minister on Revenue Haroon Akhtar Khan. He said the policy action points arising out of these meetings would be put forward to the Prime Minister for his consideration.
S M Tanveer said the APTMA's eight-point proposal included withdrawal of electricity surcharges and GIDC on gas, zero rating of all textile exports, strengthening of domestic commerce, export refinance to the entire value chain, refund issues, TUFS, LTFF to spinning industry for growth and focus-market support. He said APTMA leadership including himself and group leader Gohar Ejaz have briefed the Prime Minister Nawaz Sharif on the sustainability and growth of the textile industry while travelling along with him to Kazakhstan.
He said the textile industry would be all set to undertake initiatives of investment, exports and employment once the viability of the industry is restored and the way forward is designed and agreed upon by the two sides. -PR