FAISALABAD - All Pakistan Textile Processing Mills Association (Aptpma) has thanked the govt on approval of Rs25.75 billion as supplementary grant for use of RLNG by five zero-rated export-oriented sectors and captive power plants.

It hoped this action would give some relief to the industry. However, APTPMA has grave concern over delay of its implementation and quick reflection in gas bills as was promised by the govt and required for urgent relief to the industry to enhance our export drive and economy.

These views were expressed by Engr. Rizwan Ashraf, Chairman APTPMA through a press release issued by APTPMA Head Office Secretariat, Faisalabad.

Elaborating, APTPMA Chief said that approval of the supplementary grant of Rs.25.75 billion by the govt will give some relief to the devastating textile industry but the delay in approval and lengthy departmental and bureaucratic process of its implementation has created panic amongst our members and the zero-rated export sectors as well. Because they have no liquidity to pay the huge gas bills according to previous rates. He stressed that our govt should adopt a quick way to pass on the relief to the textile sector for survival and revamping of the industry and boost our export drive.

Expressing on recent increase of Dollar rate, he said repeated increase  and fluctuation of $ Dollar and devaluation of our Rupee has halted the  business activities which is adding joblessness and creating disappointment amongst the masses.

Concluding, the APTPMA Chief thanked the Prime Minister Imran Khan, Finance Minister Asad Umer and his team, for approval of the grant and their efforts for revival of textile industry and hoped that it would brighten the path of national reconstruction and further strengthen our industry and economy. e.o.m.