KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Central Chairman, Shaikh Mohammad Shafiq and Chairman South Zone, Irfan Ali have urged the government to provide a relief package for the textile industry, which has been badly hit by unprecedented electricity and gas crisis earlier and now the imposition of Regulatory Duty on import of cotton yarn. In a SOS they appealed to the Prime Minister to immediately announce a relief package for the textile industry in order to arrest fast declining exports and losing market share in the global textile trade.
They said that Pakistan is 5th largest cotton producing country but in value addition its performance is dismally poor. Textile exports have declined to $1.093 billion in September 2015 from $1.110 billion over previous month of August 2015, which reflects a decline of 1.52 per cent, according to Pakistan Bureau of Statistics (PBS). It is because of the deteriorating law and order situation and the shortage of electricity and gas, factories are unable to operate smoothly and in-time delivery of whatever limited orders they managed to procure from their foreign buyers.
PRGMEA while strongly opposing the imposition of Regulatory Duty on import of cotton yarn, has demanded its immediate withdrawal on import of cotton yarn and fabric in order to save the fast declining exports and losing Pakistan’s share in the global textile market.