FAISALABAD - All Pakistan Textile Processing Mills Association (APTMA) Faisalabad Region has strongly condemned the recent SROs 98(1)/2013 and 154(1)/2013 issued by the Federal Board of Revenue (FBR) and termed them as a conspiracy to eliminate Value Added Textile Sector from the country.

150 factory owners of Textile Processing Industry, attended an emergency general body meeting of the Textile Processing Mills Association with Regional Chairman Rizwan Ashraf in the chair to review the situation after the issuance of the SROs.

On the occasion, Chartered Accountant Adnan Tirmizey and Tax Consultant Saleem Akhtar briefed the participants in detail on the pros and cons of the SROs.

The factory owners strongly resented these SROs and torn their copies while shouting slogans against the government and FBR. They said that these SROs were unacceptable and alleged that the government was implementing anti-economic policies which would destroy the value added textile processing industry.

Continuing, they said that Textile Processing Industry being Value Added Sector was playing pivotal role in strengthening national economy by earning billions of dollars in addition to providing jobs to the much needed workforce in millions. They claimed that on the behest of a specific vested lobby, the government was hell bent on destroying this important sector. The processing factory owners further said that the government should realise that these SROs would not only increase the cost of production but also had negative impact on value added textile processing industry.

They said that exporters were already facing daunting challenges in international markets due to comparatively high cost of exportable textile value added goods. They said that Pakistani exporters were also facing difficulties in getting export orders due to high cost of production. The textile processing owners said that instead of taxing value addition portion, the government had imposed tax on total cost of the cloth which was tantamount to stabbing the industry.

This would increase turn-over of industry to unbearable levels. Similarly, 2 per cent unrefundable Sale Tax is yet another drone attack on industry which has already been crumbling under energy crisis, deteriorating law and order situation and high bank mark up rate coupled with unfriendly industrial and business policies," they pointed out.

The Aptma general body unanimously rejected the two SROs and asked the government to immediately withdraw them, otherwise the factory owners and workers would be forced to come to roads and start agitation. They said that the government would be responsible for any consequences of bad situation of the law and order.