Spokesman of All Pakistan Textile Mills Association (APTMA) said Thursday that APTMA leadership has set the current fiscal year as a year of investment in textile industry provided the government accepts APTMA’s proposal of bringing interest rate to 7 per cent and ensure 7 days a week gas supply for textile industry for boosting Pakistan’s textile exports to $20 billion by the end of 2011-12. The country needs investment for creation of exportable surplus and the textile industry is set to make further investment provided energy security and globally competitive mark up rate is in place, he added.
APTMA spokesman said the APTMA leadership has revived the textile industry during last one, securing many feathers in its cap till date. According to him, APTMA management led by its Chairman Gohar Ejaz successfully represented the case of free market mechanism, resulting into a win-win situation for all stakeholders of the industry. He said this effort has helped in additional resource transfer worth Rs350 billion to the cotton growers during last year.
