LAHORE: Saying that overall exports data for February 2015 has witnessed a decline of 13 percent month-on-month basis, All Pakistan Textile Mills Association (APTMA) urged the government to ensure uninterrupted energy supply to textile industry in Punjab.
Aptma Chairman S M Tanveer said 35 percent of textile export was exposed to euro, which has appreciated heavily. In addition, industry has not been passed on the benefits of falling oil prices to date.
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In addition, utility charges are also the same as before rather being tipped to be raised with effect from April. High cost of production is rendering textile industry uncompetitive in the international market place. The competitors are being supported by government in terms of incentives, which is taking away Pakistan’ share in international market.
He said besides a regionally competitive and guaranteed energy supply ahead of summer to hold dwindling viability of textile industry, the government was also urged to issue instruments like TUFS, DLTL, duty structure on man-made fiber and State Bank of Pakistan schemes under recently-announced textile policy without further delay.
