Chairman All Pakistan Textile Mills Association (APTMA) on Sunday urges for competitive business environment to compete with regional compotator for enhancing the Country’s exports.
“We want to compete the regional competitors including India, Bangladesh, Sri Lanka and Vietnam for enhancing the county’s export to achieve the target of economic stability and growth,” Secretary General, APTMA, Anis-ul-Haq has said.
He said that Pakistan required export led growth for economic stability of country.
Textile industry contributed 60 per cent in total exports of the country, which was considered backbone of the economy, he added. He hailed Rs 180 billion “Export enhancement package” adding the package would give huge relief to the textile sector for enhancing the exports in the sector.
He said that in coming year’s budget 2017-18, Rs 4 billion had been allocated for “Export enhancement package”.
Secretary General, APTMA stresses the need for implementing this package which also gave relaxation on the import of textile machinery for the modernization and enhance the capacity of the sector.
He said the package would strengthen the country’s economy by increasing the country’s exports.
Anis said that price of energy was an important element of production particularly for spinning, weaving and processing industry.
He said that availability of energy at regionally competitive price was important. He urged for proving ease of doing business in the country.