MULTAN: The government should come forward promptly and put restrictions on the import of Indian and Chinese textile products to save the local industry or else it will engulf the textile sector of Pakistan.
These views were expressed by Multan Chamber of Commerce and Industry (MCCI) President Fareed Mughees Shaikh in a statement. He said that the dumping of Indian and Chinese textile products are badly affecting the textile industry of the country and as a result many of the units have been closed.
He said that government is going to implement a regulatory duty on textile sector from Nov. 1, 2015 under the new textile policy and because of it the problems of the industry will enhance.
He appealed the government to issue an SRO of regulatory duty to save the industry otherwise due to this continuous decline the loans of banks which are in billions and the crop of cotton will severely get the damaged and at the end the government as well as the farmers will face the music.
He also expressed his grief over the death of hundreds of people due to terrible earthquake. He also stressed that the business community and public should have to co-operate with each other to support the earthquake-affected people.
