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Home Breaking News

Traders, industrialists demand SBP to release documents related to import of sewing machines

byM Hayat
28/07/2022
in Breaking News, Lahore, Latest News, Slider News
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LAHORE: State Bank of Pakistan (SBP) should immediately release the documents related to the import of sewing machines and related parts so that traders and manufacturers can avoid unnecessary demurrage and port charges.

Officials of Pakistan Industrial Sewing Machine Association and Lahore Industrial Sewing Machine Association made this demand in an emergent press conference in which more than 50 importers and hundreds of shopkeepers including participated.

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They said that sewing machines and spare parts are like the backbone of the garment industry, which may shut down millions of factories. It will be impossible to export industry, hosiery, dynam, gar mits, shoes industry, carpet, while more than 60% of Pakistan’s export is from textile industry and if 60% of Pakistan’s export is affected, then the situation of Pakistan will also be affected. It will not be different from Sri Lanka.

Importers say that already millions of rupees have been lost due to the rising price of dollar. Spare parts are imported, there is no machine or parts manufacturing factory in Pakistan, even a single needle used in these machines is not made in Pakistan, even this needle has to be imported if the government institutions and government immediately does not accept our demands hundreds of factories will be closed and countless families will become unemployed because our machinery and spare parts are not considered luxury items, so our demands should be accepted immediately and Pakistan’s industry, cottage industry and exports should be saved from destruction.

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