LAHORE: The All Pakistan Textile Mills Association (Aptma) has once again urged the government to announce a relief package for the industry.
“At present around 30 for each penny material and dress division units have shut their operations all through the nation,” Aptma Central Chairman Aamir Fayyaz said on Friday in a public interview.
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“Exchange deficiency that has surged to $7 billion amid the primary quarter of this monetary year which was essentially because of decrease in fares,” he said.
He said policy measures required to give the industry relief include elimination of customs duty on cotton with effect from Jan 1, 2017, duty-free import of raw materials, extension of long-term finance facility to indirect exports, input tax adjustment on packing materials, new gas and RLNG connections for captive and process use.
He asked the government for a notification of Nepra-determined multi-year tariff for industry without incidence of surcharge for provision of electricity at regionally competitive rate of Rs7 per KWh and provision of RLNG/system gas to the textile industry at Rs600 per million British thermal unit.
