LAHORE - The Zonal Managing Committee of the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) is going to meet on Tuesday (today) at its Lahore office to discuss the current worsening scenario faced by the domestic industry in the country.

PRGMEA Chief Coordinator and former chairman Ijaz Khokhar said that besides the zonal committee members, the meeting will also be attended by Mohammad Ali Mian, Advisor to Chief Minister Punjab on Trade Affairs.

He said that the zonal committee will take the issue of unfriendly investment policies and unfavourable conditions in Pakistan with the advisor to CM.

He said that local manufacturers were frequently visiting Bangladesh to look into the possibility of relocating their units because of unfriendly investment policies in the country.

He strongly condemned the killing of several businessmen in recent street crimes in Karachi. He said that fast increasing criminal activities in the markets and industrial areas, -including extortion (bhatta), kidnapping for ransom and decoities, – are spiralling out of control, causing widespread fear in the business community.

He said that the government’s failure to control the situation is putting a big question mark on the ability of the government to run the affairs of the state. He said that several woven garment manufacturers from Karachi have already relocated their business to Bangladesh and many others are planning to do so.

He said Bangladesh offered several advantages to woven garment manufacturers over their Pakistani counterparts. He said the members will told the advisor that garment industry in Pakistan was suffering losses because of energy crisis, poor human resource and anti-industry policies.

He said the delay in the refund of the tax claims of the garment producers had caused serious liquidity crunch for the small to medium sized exporters.

Compared to Pakistan other rival countries like India, Bangladesh and China provided substantial tax and other rebates to their garment manufacturers.