FAISALABAD: The Prime Minister Shahid Khaqan Abbasi has assured maximum facilitations to the textile exporters and said that S.R.O to extend 7% incentives without 10% increase in exports will be issued within couple of days. He was talking to a delegation of FPCCI that met him under the leadership of Mian Muhammad Adrees. Engr. Muhammad Saeed Sheikh and Syed Zia Alamdar Hussain represented Faisalabad Chamber of Commerce & Industry (FCCI) in the meeting.
Prime Minister acknowledged, the importance of textile sector in National Economy and said that Rs. 180 billion textile package clearly indicates our commitment to support and strength this sector. He said that Govt. intends to create a conducive environment to spur exports and in this connection necessary steps are being taken at the highest level. He asked the textilers to fully concentrate on the enhancement of Pakistani exports as govt. is serious to resolve their short as well as long term issues. He asked them to contact him if they are facing any problems from any government department in this regard.
Regarding Regulatory Duty Prime Minister said that government has yet to finalize the list of items on which regulatory duty will be imposed to reduce the import, export imbalances. He assured that the trade bodies and concerned stake holders would be taken into confidence before finalizing this list.
Mian Muhammad Adrees told that notification for the 7% incentive under textile package from 1st July to 30th December, 2017 will be issued very soon and in this connection Prime Minister has assured to withdraw the condition of 10% increase in export.
Representing FCCI Engr. Muhammad Saeed Sheikh said that Faisalabad is the main hub of textile. It is the first city which is being affected in case of any wrong decision. He told that although the textile package is late yet it is right step in right direction. It has stopped the declining trend, however, the government has to issue new notification, so that exporters could fully concentrate on enhancing exports. He opposed regulatory duty on any industrial raw material as it will further increase the cost of exportable surplus.
