ISLAMABAD: Fearing a massive surge in gas availability crisis in the country, the government has decided to even close down gas supply to export industry once a week if the emergency-like situation.
ISLAMABAD: Fearing a massive surge in gas availability crisis in the country, the government has decided to even close down gas supply to export industry once a week if the emergency-like situation.
Pakistan’s textile sector has export orders for next 6 months: report
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Exports orders for the next 6 months are booked, says Aptma chief
Aptma appreciates and acknowledges the much-improved gas supply
According to a report, textile companies are making capital investments to increase the production of fabrics
KARACHI: With the economy picking up, the country’s textile industry have received export orders for the next six months, it emerged on Tuesday.
An industry official told
The News on Monday that the textile sector is expanding its production capacity to meet robust demand from foreign buyers.
Adil Bashir, chairman of All Pakistan Textile Mills Association (Aptma) said the textile sector is currently in the mode of rapid expansion to cater with increased orders and demands.
Data released by the Pakistan Bureau of Statistics (PBS) on December 18 shows that Pakistan’s textile and clothing exports grew by 4.88 per cent year-on-year to $ 6.04 billion between July to November this financial year compared to $ 5.76 billion in the same period last financial year. This means that Pakistan s textile production and exports have largely recovered from the COVID-19 pandemic shock and are back on growth trajectory both in terms of the quantity and dollar value.
The Pakistani government has recently announced a lucrative energy package to help textile industry recuperate from the COVID-19 shock. The package does away with peak electricity rates, offers reduced tariffs on additional power consumption, and fixes power price at $ 0.07 a unit and gas tariff at $ 0.065 per MMBtu.
APTMA urges FBR to stop ‘harassing taxpayers’
Demands withdrawal of FIRs lodged against manufacturers and exporters
APP
December 20, 2020
LAHORE:
The federal government should act to stop the Federal Board of Revenue from harassing taxpayers and order immediate withdrawal of all FIRs lodged against genuine and bonafide manufacturers and exporters, said All Pakistan Textile Mills Association (Aptma) Chairman Adil Bashir.
In a statement on Saturday, he said Prime Minister Imran Khan was making concrete efforts to support the export-oriented sectors of Pakistan but some vested interests were creating hindrances in the way of exports.
He said that exports from Pakistan rose substantially over the last few months due to support of the prime minister, however, he feared that the pace of growth in exports might be suppressed by the unfriendly attitude of certain government functionaries.