USMAN CHEEMA/Imran ali kundi

ISLAMABAD

APTMA Central Chairman SM Tanveer has quoted Federal Finance Minister saying that the issues related to textile sector will be addressed within a week that also includes the sustained gas supply to the sector.

He appreciated the assurance of Federal Finance Minister Ishaq Dar, Head of Prime Ministerial Committee on Textile Industry, in solving energy related issues of the Punjab-based textile industry soon. He also said that during one year electricity price increased by 67 per cent that directly hit textile sector of the country that contributes more than 50 per cent in the total exports of Pakistan. Tanveer said that gas supply is the basic necessity of the textile sector and government has assured uninterrupted gas supply to the sector that will help textile industry smoothly run during the winter season. Otherwise there are chances that unemployment will increase in the country as the industry will have to lay off its workers if its energy demands are not met.

The Central Chairman APTMA, along with Vice Chairman, Mian Wisal A. Monnoo, had led a delegation of APTMA senior leadership to Islamabad where a detailed meeting was held with government functionaries. The APTMA team comprised Group Leader Gohar Ejaz, Sikandar Quli Khan, Vice Chairman APTMA from KPK, Jawed Iqbal, Council Chairman, Ahmad Kamal from Faisalabad, Sohail Pasha, Chairman PTEA, Khurram Mukhtar, Chairman FESCO BoD and Khawaja Muhammad Anees from Multan.

SM Tanveer said all members of the Prime Ministerial Committee on Textile Industry, including Abbas Khan Afridi, Federal Minister for Textile Industry, Shahid Khaqan Abbasi, Federal Minister for Petroleum & Natural Resources and Khawja Muhammed Asif, Federal Minister for Water & Power, were present in the meeting.

 The Federal Finance Minister has also reiterated his government’s resolve to ensure maximum benefit from the potential of GSP+ facility from the EU.

The Federal Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi has also assured maximum gas supply to the captive power plants of textile industry during the winters. Chairman APTMA has expressed his deep gratitude to the Federal Minister for Textile Industry Abbas Khan Afridi for his sincere efforts in arranging the apex meeting. Pakistan’s textile exports, which are declining from the last several months, went down by 4 per cent during first quarter (July-September) of the ongoing financial year (FY2015) despite the fact country got GSP Plus status from the European Union in January this year that was supposed to enhance the exports. The country exported textile made commodities worth $3.417 billion during July-September of FY 2015 as against $3.559 of the corresponding period of the last year, showing a decline of 3.99 per cent, revealed the figures of Pakistan Bureau of Statistics (PBS). Meanwhile, the country’s overall exports also went down by 10.16 percent to $6.015 billion in July-September of FY 2015 from $6.695 billion of the corresponding period previous year.