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Related Keywords: already facing serious blow of non viability, comparative disadvantage, cripple textile industry, hamper the export pace, high cost of doing business, high priced RLNG supply, Pakistan textile exporters association, production costs in the region, Punjab based textile industry, switching of system gas

Punjab based textile industry is already facing a serious blow of non-viability due to high cost of doing business. Moreover switching of system gas to high priced RLNG supply would serve to cripple the textile industry which is presently at a comparative disadvantage in respect of production costs in the region.

Related Keywords: accelerate Pakistan’s textile industry, APTMA, entering into joint ventures, environmental challenges in China, high cost of doing business, invited Chinese investors, Pakistan an ideal destination, Pakistani entrepreneurs in the textile industry, relocation of Chinese textile industry, take advantage of the liberal trade and investment policies

All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry.

Related Keywords: absence of liquidity flow, APTMA, decrease in textile exports, entire textile chain, Gas Infrastructure Development Cess, high cost of doing business, indicate decrease in foreign exchange earning of the country, market share, textile industry already burdened, to regain competitive edge, urge government to completely remove GIDC

All Pakistan Textile Mills Association (APTMA) has urged the government to completely remove the Gas Infrastructure Development Cess (GIDC) from the entire textile chain to enable it to regain its competitive edge and market share.

Tariq Saud Chairman APTMA in view of declining oil prices and natural gas prices in the international market there is no justification for imposition of GIDC on textile industry which is already burdened and has become uncompetitive vis-à-vis to their regional competitors in the absence of liquidity flow and high cost of doing business.

Related Keywords: APTMA, delay in announcement of textile package, fresh demand, high cost of doing business, impact on cotton procurement, labour layoff, liquidity crunch, permanent closure of units, supply chian disruption, textile millers, textile sector, to announce package

The delay in the announcement of textile package was having serious aftermath on the textile sector including permanent closure of units, labour layoff, impact on cotton procurement and supply chain disruption, said All Pakistan Textile Mills Association (Aptma) Punjab chapter chairman Aamir Fiaz Sheikh, accompanied by former central chairman S.M. Tanveer, at a press conference held on Saturday.

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.