APTPMA Demands More Incentives To Save Textile Processing Sector From Collapse
Mohammad Ali (@ChaudhryMAli88) Published September 21, 2021 | 11:29 PM
All Pakistan Textile Processing Mills Association (APTPMA) Regional Chairman Sheikh Shahid Javaid on Tuesday demanded more incentives for textile processing sector to save it from collapse
FAISALABAD, (UrduPoint / Pakistan Point News - 21st Sep, 2021 ) :All Pakistan Textile Processing Mills Association (APTPMA) Regional Chairman Sheikh Shahid Javaid on Tuesday demanded more incentives for textile processing sector to save it from collapse.
Addressing a press conference, he said that previous governments had badly ignored the textile processing industry despite the facts that this sector was earning huge foreign exchange for the country.
However, the PTI government when came into power took pro-industry steps to revive this sector.
In this connection, the government had provided subsidized energy rates for textile sector in addition to implementing "inspector-less regime" policy which provided a sigh of relief to this sector, he added.
He said that corona pandemic also affected the globe badly and the entire world had to adopt lockdown strategy against the virus. But, the PTI government once again provided relief to the industrial sector and adopted smart lockdown policy to keep industrial wheel on moving.
In this regard, electricity was also provided on comparatively less rates to the textile sector, he observed.
He said that after COVID-19, the prices of raw material had increased manifolds at global level due to cartalization which also pushed textile processing industry once again to the verge of total collapse, adding the cost of production had also risen so high.
In this scenario, the government once again should take bold step and provide more incentive to textile processing sector in the shape of fixing Dollar prices, reversing freight rates on previous level and imposing zero rate policy on the import of raw material, he demanded.
President Faisalabad Chamber of Commerce & Industry (FCCI) Engineer Hafiz Ihtisham Javed,Chaudhry Habib Ahmad Gujjar, Atif Muneer Sheikh, Engineer Rizwan Ashraf and Shabbir HussainChawla also spoke on the occasion.
Related Topics
Recent Stories
Tennis: ATP Barcelona Open results - 1st update
Swiatek's perfect 10 in Stuttgart as Vondrousova stuns Sabalenka
Arandu's roads closed due to flooding
Oil tanker catches fire in Islamabad’s Blue Area
Pakistan committed to ensure safety of foreign nationals: FO
Tennis: WTA Stuttgart results - 1st update
Four passengers injured as train hit an empty vehicle
Over- speeding bus crushed to death two bike riders
Turkey's Freedom Flotilla ready to set sail for Gaza
French teen dies from heart failure after knife attack near school
Iranians appear unfazed by Isfahan blasts
UAF celebrates Int'l Chinese Language Day
More Stories From Pakistan
-
NHA restores most roads across the country after heavy rains
2 hours ago -
Three bike lifter gang held, five stolen motorbikes recovered
2 hours ago -
Arandu's roads closed due to flooding
4 hours ago -
Oil tanker catches fire in Islamabad’s Blue Area
4 hours ago -
Pakistan committed to ensure safety of foreign nationals: FO
4 hours ago -
Four passengers injured as train hit an empty vehicle
4 hours ago
-
Over- speeding bus crushed to death two bike riders
4 hours ago -
UAF celebrates Int'l Chinese Language Day
4 hours ago -
Flooding on Chitral-Peshawar Highway strands travelers
4 hours ago -
Bilawal Bhutto demands govt to hold tripartite dialogue to curb terrorism
4 hours ago -
Punjab ombudsman facilitates over 1.36 crore payment to victims
4 hours ago -
Leghari seeks KP Govt’s cooperation in anti-power theft campaign
4 hours ago