Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

$26b exports in 5yrs: Aptma wants 8 cents per unit electricity to achieve Textile Policy 2014-15 targets

byCustoms Today Report
12/02/2015
in Business
Share on FacebookShare on Twitter

LAHORE: All Pakistan Textile Mills Association (Aptma) Chairman S M Tanveer has demanded the government to provide electricity to textile industry at 8 cents per unit to achieve the goals set in Textile Policy 2014-19.

He said this while addressing a press conference at the APTMA Punjab office. He said that the textile industry in Punjab, which is 70 per cent of the total in country, is operating at a cost differential of $1 billion compared with other provinces.

You might also like

CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE

16/04/2026

IT leads list as SECP registers 2,993 companies in March 2026

15/04/2026

Tanveer said that according the textile policy, the industry will get uninterrupted energy supply but the fact is that the SNGPL has suspended gas supply on the same day. He said that in this situation taking the textile exports to $26 billion in next five years would remain a dream. It would be a miracle to sustain the present level of $13 billion under the prevalent energy supply situation, he added.

He wondered how the SNGPL ensured gas supply to the Punjab-based textile industry during peak winter, as it has withdrawn gas supply when demand for space heating has come to an end. Already, he said, the SNGPL restricted gas supply to four and half hours a day against the PM directive of eight hours a day gas supply during last sixty days.

He said India was extending rebates and other facilities to its industry for mitigating the impact of GSP plus to Pakistan. He said he was unable to understand why the government was not serious in sustainable growth of textile industry, particularly in Punjab.

The Aptma chairman said the value added industry has secured substantial export orders from the Heimtextile exhibition but they have no idea whether to meet the deadlines under given circumstances. On the other hand, he said, India has started dumping fine count yarn to Pakistani market, threatening the viability of some 30 mills producing fine count cotton yarn.

Related Stories

CCP authorizes acquisition of Pakistani aircraft maintenance firm by UAE-based FZE

byCT Report
16/04/2026

ISLAMABAD: The Competition Commission of Pakistan (CCP) has authorized the acquisition of a shareholding in M/s. Northern Technik (Private) Limited...

IT leads list as SECP registers 2,993 companies in March 2026

byCT Report
15/04/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,993 new companies in March 2026, showing an 11% increase...

First lithium battery manufacturing plant set to open in Karachi

byCT Report
14/04/2026

KARACHI: Pakistan’s first national lithium-ion battery manufacturing policy for 2026–31 is nearing approval, while the country’s first lithium battery production...

Cotton prices hit two-year high as supply constraints tighten market

byCT Report
13/04/2026

KARACHI: Cotton prices in Pakistan have climbed to a two-year high, with rates rising by Rs4,000 per maund to reach...

Next Post

Pak-German trade beyond US$ 2.3b: Envoy says GSP Plus upped Pakistan’s exports to EU by 20pc

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.