Textile Sector Woes: FCCI draws attention to falling exports

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Engineer Muhammad Saeed Sheikh has said that textile is the mainstay of national economy which is facing a steep decline for the last many years. In order to revive this foreign exchange-earning sector, the government must announce a textile package in addition to enhancing tax rebate from 0.5% to 5% with immediate effect, he said. He was addressing a seminar organised by Smeda on ‘Production and Operation Management’ at the FCCI on Friday. Analysing the overall economy, he said that foreign exchange earnings were restricted to foreign remittances and textile exports, but textile was much more important.

Published in The Express Tribune, December 31^st, 2016.

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