APTMA called for implementing “PM Export Enhancement Package” in true spirit

ISLAMABAD:All Pakistan Textiles Mills Association (APTMA) here on Thursday called for implementing the “Prime Minister Export Enhancement Package” in its true letter and spirit besides making steps for ensuring ease of doing business in order to make Pakistan’s exports competitive in the international markets.

Addressing a press conference here Chairman APTMA, Aamir Fayyaz Sheikh flanked by Chairman PTMA Punjab Ali Pervaiz also called upon the government for ensuring uninterrupted energy supply to the textile sector in order to attain competitiveness besides enhancing exports for the socio- economic development of the country.

Speaking on the occasion, APTMA Chairman Aamir Fayyaz Sheikh said that Pakistan requires export-led for economic growth and stability of the country.

He said the textile industry contributes 62 % in total exports of the country, which is considered the backbone of the economy.

He said that textile sectors provided 15 million direct and indirect employments in all four provinces of the country, which has huge contribution in country’s economy.

Chairman APTMA stressed the need for evolving export led policy for economic turned around and growth in all sectors of the country’s economy.

Sheikh said that high energy prices are a major problem for the textile industry especially the spinning, leaving and processing industries.

He said that availability of energy at regionally competitive prices is also important.

Replying to question, he said that in coming meeting with Prime Minister Shahid Khaqan Abbasi, APTMA delegation would raise the issues of competitive price of energy and to address the cost of doing business if pivotal for industrial growth in the country.

Emphasizing the importance of a competitive business environment, he said that Pakistan is facing tough competition from regional rivals and needs to upgrade its production mechanisms to become cost-competitive.

He said that exports must touch the $50 billion mark to ensure effective economic growth and prosperity in the country.

Replying to another question, he emphasized for documenting Pakistan economy to stop illegal trade and dumping from few regional countries.

Addressing on the occasion, Chairman APTMA Punjab appreciated the government steps for export led growth and said that “PM Export Enhancement Package “should be implemented with true letter and spirit.