Pattern-in-Chief of All Pakistan Textile Mills Association Gohar Ijaz has written a letter to Prime Minister Shahbaz Sharif.
In a letter sent to Prime Minister Shehbaz Sharif, Gohar Ijaz, Pattern-in-Chief of APTMA has written that 50% of the textile industry has reached the verge of closure, this year textile exports will be three billion dollars less than last year.
He said that textile exports have been declining rapidly and permanently, February’s exports of $1.2 billion could easily have been $1.7 billion, but energy shortages and prices caused by foreign exchange problems have affected productivity. Is.
Gohar Ejaz has written to the Prime Minister that the production capacity increased through tariff and long-term financing is not being utilized due to lack of energy and spare parts, besides non-availability of raw materials and non-availability of sales tax refunds. Due to payment, exporters have difficulty in continuing production.
Patron-in-Chief of Aptma has suggested in his letter to Shehbaz Sharif that all imports arriving at the port of textile sector should be cleared and issued orders to banks to open LCs for import of raw materials and components to the export sector. go
Gohar Ejaz has proposed to the Prime Minister to supply gas to the export sector at $7 per mmbtu, to pay sales tax refunds and to supply gas to the captive power plants of the export sector on a priority basis, as Pakistan Economic security is associated with the export sector.
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