Govt to partially accept Aptma’s demands

Textile owners start reaching Islamabad for final talks

Islamabad - In order to have a conclusive meeting with Ministry of Finance, the textile industry representatives have started reaching Islamabad.
According to sources, after the shutdown of textile mills on the call of All Pakistan Textile Mills Association, government has decided to partially accept the demands of the association.
The recent strike of textile mills was noticed at highest level and government has finally decided to provide immediate relief to the textile sector, said a well placed source. He said a meeting of association has been scheduled on Saturday and in this regard, members were called on telephone by the Ministry officials to attend a meeting with Minister Finance on Saturday.
He said, in the meeting, proposals from the association will be sought and the ministry will direct all concerned ministries to send their inputs also.
He said that after the return of Prime Minister from foreign tour, PM himself will announce textile package, which will include some drawbacks and policy statements like stopping influx from neighboring country India.
According to officials government is also expected to direct FBR to clear pending cases of the industry on priority basis.
Many of Karachi bound textile owners have reached Islamabad while the Lahore and Fiasalabad based members are expected to reach capital by Friday evening.
Textile owners have been demanding for the withdrawal of electricity surcharge; removal of gas infrastructure development cess (GIDC); zero rating of local taxes on textile exports; adding of spinning industry in the long-term finance facility (LTFF); three per cent tax on unregistered buyers instead of two percent; rebate on focus market exports; strengthening of domestic market and clearance of all pending claims by the FBR.

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