Pakistan’s Finance and Revenue Minister Miftah Ismail Saturday has assured the All Pakistan Textile Mills Association (APTMA) of the government’s full support in meeting the exports target for the current fiscal year.
Miftah said the disparity in price of gas between different provinces would be reconsidered and hopefully the issue would be resolved shortly with approval of the cabinet. Miftah added, the government was exploring various options to ensure sustainable gas supply to the export industry in the coming winter and a number of measures had already been initiated to meet the requirement. He 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 SBP, he directed governor SBP to visit APTMA office next week in order to address the textile industry’s all finance-related issues.
Chairman APTMA Rahim Nasir said all imports of the export oriented sectors should be allowed hindrance free admission into Pakistan, as the impact of the delay in clearance of the last two to three months would be significant in case of further delay. He also sought restoration of the SRO 1125 i.e. zero rating for the entire textile value chain.
