Lahore - An emergent meeting of APTMA held on Thursday to consider the proposals put forward by the Prime Ministerial Special Committee on energy supply at affordable price to the Punjab-based textile industry during winter.
Central Chairman APTMA S M Tanveer, Group leader APTMA Gohar Ejaz and Chairman APTMA Punjab Seth Mohammad Akbar were also present on the occasion.
The APTMA leadership apprised the general body of the deliberations held with the Special Committee in terms of reference including proposing mechanism for sustainable gas supply to Punjab-based textile industry in winter, addressing low pressure of gas for industry and resolution of any other relevant issues. Chairmen of entire textile value chain associations were also part of the negotiations with the Committee.
The meeting reviewed the prevalent situation in the context of the energy security as well as affordability for the Punjab-based textile industry. Members were of the considered opinion that the viability of the Punjab-based textile industry is an issue forcing the textile industry to close down operations in case the government fails to come up with workable solution and bring the energy cost at par with mills in other provinces as well as the region. Already, they said, sizeable quantities of basic textile from regional competitors have stated making inroads to The domestic commerce, threatening the existence of local industry. Also, the textile exports have witnessed unprecedented decline recently.