All Pakistan Textile Mills Association has appealed to the government to announce a relief package for the textile industry before Eid-ul-Azha.
APTMA chairman SM Tanveer said on Sunday that textile industrialists were planning downstream integration to add another $13 billion to the exports and help the country to get rid of loans from international donors. An increase of $13 billion export in next three years would create another 13 million jobs in the country, he added.
He said high cost of doing business was causing closure of textile industry, which was sustaining losses over the last one year and facing problem to pay salaries to their staff.
SM Tanveer urged the government to immediately implement the senate committee on textile industry recommendations on the GIDC (Gas Infrastructure Development Cess) issue, besides imposing 20 percent regulatory duty on the import of textile raw material right from yarn to garments. It would ensure an early revival of the industry, he added.
He said the domestic textile industry had a potential of $7 billion per annum. The government should also announce rebate on the textile exports as an incentive under the focus market policy even if it was unable to devalue Pak rupee against dollar.