ISLAMABAD
All Pakistan Textile Mills Association (APTMA) Chairman on Sunday urged for a competitive business environment to compete with regional competitors for enhancing the country’s exports.
“We want to compete with the regional competitors including India, Bangladesh, Sri Lanka and Vietnam for enhancing the county’s export to achieve the target of economic stability and growth,” Secretary General, APTMA, Anis ul Haq told the news agency here.
He said that Pakistan required an export-led growth for ensuring the economic stability of the country. Textile industry contributed 60 per cent in total exports of the country, which was considered the backbone of the economy, he added.
He hailed Rs 180 billion “Export enhancement package” adding the package would give huge relief to the textile sector for enhancing the exports in the sector.
He said that in coming year’s budget 2017-18, Rs 4 billion had been allocated for “Export enhancement package”.
Secretary General, APTMA stressed the need for implementing this package which also gave relaxation on the import of textile machinery for the modernization and which also enhanced the capacity of the sector.
He said the package would strengthen the country’s economy by increasing the country’s exports.
Anis said that price of energy was an important element of production particularly for spinning, weaving and processing industry.
He said that availability of energy at a regionally competitive price was important.
He urged for proving ease of doing business in the country.
