ISLAMABAD: Faisalabad Chamber of Commerce and Industry (FCCI) has welcomed the extension in Prime Minister Export Package for the next three year.
Commenting on the decision of Economic Coordination Committee (ECC) to extend the date for PM Export Package the FCCI President Shabbir Hussain said that textile is the mainstay of the national economy and the extension in this project will help in bridging the gap between imports and exports, reported Radio Pakistan.
He further said that Faisalabad is contributing 55 per cent to the total export of Pakistan and its impact is immediately felt by the business community of Faisalabad.
He stressed that this package yielded positive results and hence the textile export is gradually picking up during the last few months. He added that exports are increasing but the fear of disruption of the export package due to the election process had precipitated concerns among the business community who was demanding continuity of this package in greater national interest.
He said that government has rightly decided to extend this package for next 3 years so that exporters could fully concentrate on the export of textile products.