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.
