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APTMA stresses to provide competitive business environment for textile sector

APTMA stresses to provide competitive business environment for textile sector

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) Tuesday stressed the need for providing competitive business environment to textile sector to enhance the country’s trade.

He emphasized upon the structural balance and viability of industry to compete with regional competitors including India, Bangladesh and Vietnam, General Secretary of All Pakistan Textile Mills Association (APTMA), Anis-ul- Haq, told APP here.

APTMA general secretary said that pragmatic and export led policies were required for industrial growth and enhancing the country’s exports.

While talking to APP, senior official of Ministry of Commerce and Textile has assured the timely payments through Prime Minister’s “Trade Enhancement Package” of Rs162 billion to the Textile sector by June 2018 to enhance the country’s exports.

“We had paid Rs9 billion out of total of Rs15 billion for last fiscal in shape of duties drawback to textile sector,” he said.

The government has accorded priority to the textile sector and helped it to gain competitiveness in order to enhance the country’s exports,he said.

“We want to revive confidence of the textile sector through the trade enhancement package.”, he remarked. Replying to a question, he said the government had planned to expand coverage areas of the Trade Enhancement Package” to remaining industrial sectors including pharmaceuticals.

“We are committed to providing an enabling environment for the industrial sector,” he said.

The government, he said, had also given relaxation on the import of textile machinery for the modernization of industry and to enhance the capacity of the sector. The official said that through this package cost of doing business would come down in the country.