FAISALABAD - Punjab Governor Sardar Latif Ahmad Khosa has assured support to textile exporters in reduction of cost of production of exportable goods, saying that uninterrupted supply of gas and electricity, concessional export finance and clearance of drawback and sales tax arrears will be ensured to them. This assurance was given during a meeting with Rana Arif Tauseef, Chairman and members of Pakistan Textile Exporters Association here. Speaking at the meeting Governor Khosa appreciated the role of textile exporters in the development and consolidation of the country and said that they had done a good job to put the country on the path of economic prosperity. He said that the government would extend full support to the textile exporters and it would take the business community as a partner in the national development as both would work together for the betterment of the economy. He said that the Government was business-friendly and totally believed in industrial growth to strengthen the national economy. The governor said that the national economic growth suffered serious setbacks because of inflation, security threat, instability in the state and energy crisis. Shortages of energy and power do not let the boom entered into the industrial sector. He recalled that Shaheed Benazir Bhutto had a vision for the increase of energy in the country and was in her view that a number of IPPs had come forward to invest in energy production. He said that severe shortage of gas in the country calls for extraordinary measures on war footing and in this regard, Iran-Pakistan and Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline projects were being pursued to increase supply. He hoped that the environment for business would improve but warned not to expect a dramatic change. "We are in a stabilization mode that necessitates fiscal adjustments. I, however, hope that the government with the help of productive sectors will be able to come out of the current difficult situation. Earlier Rana Arif Tauseef, welcomed the Governor. In his welcome address, he explained the problems and hurdles faced by the textile exporters and industry. Pin pointing the main problems, he said that gas and electricity shortage had shed negative impact on the entire industrial sector that was already passing through very challenging times. Not only the textile exports and productions had nosedived but the graph of unemployment had also gone up. To regulate the industrial process in the country, he demanded to inject LPG into gas system. Drawback of local taxes was introduced in the textile policy and produced good results and exports of value-added textile goods have increased during the last two years, he said. This facility was ended in June this year; he added and demanded its extension. Billions of rupees of value added textile exporter's were stuck up in sales tax, drawback, custom rebate and excise duty refund regimes creating liquidity crunch and hampering the export growth and turn over, he said. He hoped that the Governor would intervene and help them to arrange funds for the payments of stuck up amounts. PTEA Chairman demanded reduction in rate of bank mark-up, smooth flow of electricity & gas, reduction in energy cost, reduction in cost of production, market access to developed countries, and level playing field. He pleaded for export-friendly policies. Later Mushtaq Ali Cheema, former chairman PTEA presented souvenir of PTEA to the Governor.