LAHORE: The textile industrialists are also hoping a relief package from Prime Mister Nawaz Sharif to revive the industry.
All Pakistan Textile Mills Association (APtma) Chairman S M Tanveer, addressing a press conference at the APTMA Punjab office, said that the Prime Minister held one-hour interactive session with APTMA and took interest in the presentation given to him.
Chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar, in a letter written to the Prime Minister, said that he was very hopeful about the outcome of the recent meeting of PRGMEA with Prime Minister, who is likely to announce a relief package for the garment sector next week.
SM Tanveer said that the Aptma has put forward 10 demands, which included withdrawal of electricity surcharge, removal of gas infrastructure development cess (GIDC), zero rating of local taxes on textile exports, adding of spinning industry in the long term finance facility (LTFF), 3 percent tax on unregistered buyers instead of 2 percent, rebate on focus market exports, strengthening of domestic market, duty on import of yarns and fabric, clearance of pending claims by the FBR and direct subsidy to cotton growers and farmers.
