SIALKOT-Pakistan Leather Garments Manufacturers and Exporters Association North Zone Chairman Sheikh Muhammad Rafiq urged the government to compensate the losses caused to the exporters by the devaluation of US dollar.

He said that the devaluation had crushed the exporters financially so the government should take immediate an dbold steps to formulate policies to compensate the exporters appropriately.

Addressing a meeting of the local exporters, the PLGMEA chairman revealed that PKR's appreciation had helped the government reduce debits obtained from IMF loans to Rs44.039 billion and the government had gained benefits but the exporters have suffered losses. The factor has pushed leather garments industry into deep crises. It has caused millions of rupees losses to the Sialkot exporters, he said.

"We value the US dollar depreciation which is good to make the Pak Rupee stable in comparison with the other currencies. Simultaneously, we strongly condemn the sudden change and grave fluctuation tha that has destroyed the leather and garments exporters who made great efforts in procurement of huge orders for Pakistan in APLF Hong Kong Fair held in APRIL 2014," he said.

Sethi disclosed that the customers were not interested in buying garments at even minor high prices and not ready to accept any increase in the prices due to devaluation of US$. "Since we are not getting right prices, we have started refusing to produce further export orders. The exporters have calculated the payments when the dollar was at Rs108 but its sudden depreciation to Rs95 has caused great shocks and losses to every exporter because no one was mentally prepared for the decline.

He urged the government to immediately take notice of the complaint highlighted by trade bodies and the SCCI to arrange compensation for the exporters. He demanded that the govt should avoid aggressive dictated approach and enforce consistency in the policies. It should take exporters into full confidence to discuss such issues threadbare before taking such drastic measures." He said. He added that uncertainty was prevailing. "Our industry is facing a great risk and the scenario looks unstable and extremely shaken.

"The government should take serious notice of the losses. Our industry is facing a great Risk & entire scenario looks like unstable & extremely shaken. The government should take serious notice of the losses to save the exporters," he said.

Work at model bazaar project starts: The Tehsil Municipal Administration started the construction of a model bazaar to facilitate the cart venders after shifting them to the site from all the shopping points of the city.

MPA Manshaullah Butt laid the foundation stone of the project. DCO Iftikhar Ali Sahu, TMO Muhammad Zafar, Markazi Anjuman Tajraan President Ghulam Mujtaba, Ehsanul Haq, Saifullah and Muhammad Sarfraz were also present.

Talking to newsmen, the MPA said that the model bazaar was being established at the old tehsil building on a five and half kanals of land at a cost of Rs15 million. Sixty four cabin shops would be established there, he added.

He said that the project would complete in a stipulated period of two months. He added that all the cart vendors would be shifted to the model bazaar. He added that the project would be helpful in purging all the bazaars in Sialkot city of encroachments and carts to ensure smooth flow of traffic.

Earlier, he distributed the waste collections bags amongst the local shopkeepers, in a bid to promote the cleanliness awareness among the traders as well in Sialkot.