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  • Jun 21st, 2017
  • Comments Off on Textile industry observes ‘black day’
Textile industry in South Punjab on Tuesday observed black day across the Southern region against anti-industry and anti-export policies of the government. Talking to mediamen, APTMA Multan Chapter's co-ordinator M Anees Khawaja and President of Multan Chamber of Commerce & Industry, Khawaja Jalaluddin Roomi claimed that all chains including spinning and value added sectors are on board and joined the protest.

They reiterated their demands ie implementation of Prime Minister Package of Rs 180 billion for exporters in letter and spirit, clearing the outstanding refunds and bringing the energy prices comparable to other regional countries. They said that Nawaz Sharif had announced incentives worth Rs 180 billion on January 10, 2017 in a bid to boost country's falling exports. But only Rs 4 billion were earmarked in the budget 2017-18 after six months which is a big joke with the industry.

The APTMA co-ordinator said that government should take practical measures to implement the package. He further said that around Rs 200 billion of the textile industry are stuck up with the government under sales tax, duty drawbacks, etc, and this is creating severe liquidity crunch for the industry.

"If we cannot buy raw material due to liquidity crunch, how will we increase exports," Anees Khawaja added. Chairman of All Pakistan Bedsheets and Upholstery Manufacturers Association (APBUMA), Khawaja Muhammad Younas said that due to high input cost, including electricity and gas prices, Pakistani textiles are no more competitive in the international market. Electricity is available at Rs 11/kwh for the industry in Pakistan as compared to Rs 7/kwh in other regional countries including Bangladesh, said Fayyaz. Furthermore, RLNG is being available at Rs 1000 MMBTU in Pakistan against Rs 400 in Bangladesh.



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