Dr. Gohar Ejaz, Patron-in-Chief, All Pakistan Textile Mills Association has announced Rs100 million ration bags for the flood affected people. He extended this commitment to the country’s finance minister Miftah Ismail a day earlier.
Federal Finance Minister Miftah Ismail made a special visit to APTMA and appealed the Association members to respond positively to a call of duty arising out of unprecedented floods in the provinces of Balochistan and Sindh. He also played a flood-related documentary for the APTMA members, which was followed by a compassionate appeal from him for more donations to take the flood-affected people out of miseries.
Meanwhile, the federal finance m assured the APTMA of the government’s full support in meeting the exports target for the current fiscal year. He said the disparity in price of gas between different provinces will be seriously reconsidered and hopefully the issue will be resolved shortly with approval of the Cabinet. Miftah added that, the government is exploring various options to ensure sustainable gas supply to the export industry in the coming winter and a number of measures have already been initiated to meet the requirement. He further promised to find some suitable ways to meet the current gas demand of textile mills.
On the issue of liquidity crunch being faced by the industry and the problems being faced in getting clearance of imported consignments in the wake of restrictions imposed by State Bank of Pakistan, he directed Governor SBP to visit to the APTMA office next week in order to address the textile industry’s all the liquidity related issues.
