Stakeholders discuss textile industry’s viability

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LAHORE: Textile industry associations met here at APTMA (All Pakistan Textile Mills Assocation) house yesterday to deliberate upon the issues concerning viability of the textile industry in Punjab. The meeting was attended by representatives of the APMTA, Pakistan Readymade Garments Manufaturers and Exporters Association (PRGMEA), Pakistan Hosiery Manufacturers and Exporters Assocation (PHMA), Pakistan Textile Exporters Assocation (PTEA), All Pakistan Textile Processing Mills Association (APTPMA), Council of Powerlooms Association, Pakistan Kintwear and Sweater Exporters Association (PAKSEA).

They were agreed to call on Punjab Chief Minister for securing uniform energy price. They also decided to seek Chief Minister’s intervention for an immediate liquidation of the stuck up refunds of sales tax. While apprehending closure of Punjab-based textile industry, they urged the provincial government to either secure a uniform energy price from the federal government or bear the price differential.

The textile industry leadership said that manufacturing units of spinning, weaving, dyeing, readymade garments, hosiery, towel and other sectors were becoming redundant due to energy price disparity.  —APP

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