Pakistan government is committed to making the textile industry competitive and realize its true export potential, says Nadeem Babar. He says the government is committed to introduce a stable textile policy at the earliest to help the industry attract foreign exchange, create jobs and bring investment in the country. The government will ensure maximum relief to the industry within the ambit of the GIDC verdict announced by the apex court. It will ensure supply of gas to the industry during the winter season.
Moreover the idle capacity has become operational and textile exports have started rising over the past two months. Exports are projected to grow 14 per cent in September.
Adil Bashir, Chairman, APTMA adds the association is working with the government for a viable textile policy. He further suggested industries using gas for in-house consumption should be exempted from GIDC charges at captive tariff. He further recommended that a billing mechanism should be devised for disbursement of subsidy to SNGPL for providing gas to the five export-oriented sectors at $6.5 per mmbtu.