Protest: FPCCI for giving priority to textile
Existing situation, if not reversed, will lead to shutting down of manufacturing units
PHOTO: AFP
ISLAMABAD:
The government has been implored to rescue Pakistan’s textile sector by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). It said that being the largest industrial employment provider and foreign exchange earner, the textile sector needs to be prioritised. Energy crisis, refund claims, input costs, high taxation, lack of enabling rules and several other issues have increased the cost of doing business for textile manufacturers, said FPCCI Regional Committee on Industries Chairman Atif Ikram Sheikh. He warned that the existing situation, if not reversed, will lead to shutting down of manufacturing units and protests by textile millers as they have run out of options. He highlighted that instead of value addition, the country is going backwards by exporting raw materials like cotton and yarn, adding that other economies in the region are being facilitated massively by the government.
Published in The Express Tribune, June 29th, 2017.
The government has been implored to rescue Pakistan’s textile sector by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). It said that being the largest industrial employment provider and foreign exchange earner, the textile sector needs to be prioritised. Energy crisis, refund claims, input costs, high taxation, lack of enabling rules and several other issues have increased the cost of doing business for textile manufacturers, said FPCCI Regional Committee on Industries Chairman Atif Ikram Sheikh. He warned that the existing situation, if not reversed, will lead to shutting down of manufacturing units and protests by textile millers as they have run out of options. He highlighted that instead of value addition, the country is going backwards by exporting raw materials like cotton and yarn, adding that other economies in the region are being facilitated massively by the government.
Published in The Express Tribune, June 29th, 2017.