The textile industry has filed a package of submissions with Prime Minister Mian Mohammad Shehbaz Sharif for his nod, which will help increase textile exports to billion in the next fiscal year and billion in the next five years.
In a letter to the new chief executive of the country, the All Pakistan Textile Mills Association (APTMA) urged him to ensure the continuation of the Regionally Competitive Energy Tariff (RCET) to the textile Industry with RLNG price at .
5/MMBTU and electricity at 7.5 cents/unit, immediate provision of gas connections to the new units coupled with the extension of load for enhanced capacity and revival of sick units, and reaffirmation for export sector priority in gas allocation.
APTMA also called on the Prime Minister to ensure the cotton support price for this season was fixed at Rs8,000/maund for the upcoming season to encourage farmers to grow more cotton, making a point that the country every year loses at least $ 3 billion/annum on account of low production of cotton. The textile sector demanded a review of duty on Polyester Staple Fibre and the removal of anti-dumping duties to enable Pakistani export products to compete internationally.
