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Competitive textile industry

in larger interest of textile

value chain

Chairman APTMA

Syed Ali Ahsan, Chairman APTMA, said that a export quantity is still 44pc lower as compared to the
competitive and viable domestic textile industry is in maximum export quantity of yarn at 60,000 per
the larger interest of the textile sector across the month. More than 80 percent lower count yarn (below
value chain. 20) being exported are not in demand of the
domestic industry and this decline is affecting the
Relative to the gravity of the situation, initiatives have value added industry. More than 10,000 tonnes yarn
been announced and implemented by the per month is being imported by the value added
government to ensure regionally competitive energy; industry.
electricity and gas, to the exporting industry five zero
rated sector. Consequently, viability as well He said some mills are designed for export
confidence of the businessmen/industrialists and production and cannot be forced to sell locally
prospective investors have been restored. amidst long unreliable credit sales and previous bad
debts in the knitwear sector. Such mills should not be
A policy framework is being prepared by the industry forced to close down their operations. He has urged
across the value chain under the supervision of Mr upon all the subsectors to learn coexistence for the
Abdul Razzak Dawood (Advisor to Prime Minister) betterment of their respective sectors.
and Dr Salman Shah (Chairman Task Force) to
achieve an export target of $50 billion in five years – Mr Gohar Ejaz, Patron-in-Chief APTMA said that
attracting huge investments and creating 15 million major Textile Groups of Punjab have decided after 10
direct workforce in line with the manifesto of the years to Invest $1 billion this year to avail the
present government. export-friendly policy of the government, especially
the energy policy of 7.5 cents electricity and 6.50
In quantitative terms the export of yarn has declined dollars of gas for zero rated export sector and Long
by 24pc in the month of March and the per month Term Finance Availability’ by the SBP.

April/May 2020 April/May 2019