APTMA demands new textile policy
All Pakistan Textile Mills Association (Aptma) Punjab Chairman Abdul Rahim Nasir has urged the government to announce a new textile policy forthwith in a bid to attract fresh investment to the industry.
“Textile value chain has been affected badly due to delay in announcement of the new textile policy,” he said, according to a statement issued on Wednesday.
Nasir was of the view that the delay in textile policy may force investors to put off investment plans for the textile chain. Currently, he said, Pakistan was facing a shortfall in its production capacity and many exporters were refusing export orders because there was not enough capacity available in the country.
“A long-term policy will give investors a clear vision that the government is ready to support the textile chain on a long-term basis,” he added.
Published in The Express Tribune, October 8th, 2020.
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