LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) on Tuesday called for early implementation on Prime Minister Export Enhancement Package in its true spirit.
PIAF Chairman Irfan Iqbal Sheikh, Senior Vice Chairman Tanveer Sufi and Vice Chairman Shahzeb Akram stated here that much-awaited export package approved recently by the ECC to steer the exporting industry out of crisis, must be implemented by the government to ensure relief to the export-oriented industry.
They also demanded of the quarters concerned for initiating steps such as provision of uninterrupted energy supply to the industry to make Pakistan exports competitive in the international market, besides evolving an export-led policy and availability of energy at regionally competitive prices for economic turnaround.
PIAF office-bearers mentioned that Pakistan’s share in global market was shrinking and going to other countries and unit price of its products was decreasing thus resulting in reduced profitability for Pakistani exporters.
They urged the government to rescue this vital sector of economy and get the relief package implemented in its true spirit to sustainability of country’s exports.
Irfan Iqbal Sheikh stated that textiles in general and the value-added apparel sector in particular were becoming uncompetitive in international market. That was why export of Pakistani textile was on the decline for the last few years while its competitors – Bangladesh, India, China and Vietnam recording upward move in their exports, he cited.
PIAF office-bearers also stressed that the supply of power and gas should not be interrupted during winter as the export orders in hand had to be honoured, otherwise, the industrialists would be losing the hard-earned export markets.
