News Tags

Related Keywords: across value chain, APTMA, closure of textile industry, energy constraint, fails to release refund, Federal Board of Revenue, government alters Reduced Rate Regime, high cost of doing business, high cost of finance, impose sales tax, labour wages, on all inputs and utilities, textile industry of Pakistan

Chairman All Pakistan Textile Mills Association (APTMA) S M Tanveer expressing concern over the critical situation the textile industry of Pakistan is going through due to high cost of doing business, energy constraints, high cost of finance and labour wages as against the regional competitors. Moreover, if the government alters the Reduced Rate Regime (RRR), fails to release stuck up refunds and does not ensure liquidity supply from banks to the textile industry immediately, it may end up with 50% closure of the textile industry.

Related Keywords: All Pakistan Textile Manufacturing Association, basic textile export, cotton cloth and cotton yarn, downward trend, energy constraint, Pakistan policy maker, Pakistan textile industry

Pakistan textile industry exports are facing tough time in basic textile due to energy constraints, particularly in Punjab. It has been witnessing a downward from the last five months of 2014 (April-August) as per the latest data.

All Pakistan Textile Manufacturing Association (APTMA’s) newly elected central chairman S M Tanveer, who will assume the charge of his office on 30th of Sept. It is to be noted that the Election Commission APTMA announced unofficial election of S M Tanveer for the office of central chairman of All Pakistan Textile Manufacturing Association for 2014-15.