Textile policy delay perturbs industry, exporters

Published January 29, 2015
A worker examines fabric at a textile factory - AP/File
A worker examines fabric at a textile factory - AP/File

KARACHI: Expressing concern over delay in the approval of textile policy 2014-19, industry leaders have stated that it is not only depriving the industry, but also causing setback to exporters.

The textile industry raised the issue on Wednesday and demanded its early approval. In a statement, Tariq Saud, chairman, All-Pakistan Textile Mills Association (Sindh-Balochistan region) stated that inordinate delay in the approval of new textile policy is deepening uncertainty in business circles.

He further stated that the government had announced several incentives in the budget 2014-15, including settlement of outstanding refund claims, rationalisation of refund regime, establishment of Exim Bank, reduction in mark-up rate for export refinance, duty-free import of textile machinery, but the delay in the approval of new textile policy had become a hurdle.

Tariq Saud recalled that the previous government had allocated Rs180bn in Textile Policy 2009-14, but disbursed only Rs28bn or 15pc of the total allocation.

Meanwhile, as many as 12 value-added textile sector leaders in a press conference held at PHMA House on Wednesday expressed concern over the issue.

Published in Dawn, January 29th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Defining sexual harassment
Updated 02 Aug 2021

Defining sexual harassment

Conduct that is rooted in gender-based discrimination and creates an abusive work environment must also be considered harassment.
Life after IMF
02 Aug 2021

Life after IMF

Some efforts have been made for reforming the IMF.

Editorial

02 Aug 2021

Row over NCSW

SOME matters are simply too important to play politics on. Protection of women’s rights is one of them....
02 Aug 2021

Mismanaging LNG

PAKISTAN’S purchase of expensive LNG cargoes for the September-October delivery in less than three weeks after...
Against their will
Updated 02 Aug 2021

Against their will

Estimates indicate that some 1,000 girls from minority communities are forcibly converted to Islam every year in Pakistan.
Necessary lockdown
Updated 01 Aug 2021

Necessary lockdown

AS the countrywide positivity ratio of Covid-19 infections crossed 8pc, Sindh imposed a nine-day lockdown effective...
01 Aug 2021

No Olympic glory

FOR about 30 minutes at the Tokyo Olympics weightlifting competition last week, Talha Talib remained in the podium...
01 Aug 2021

Preventable E-11 flooding

THE flooding on Wednesday in Islamabad’s E-11/2 sector is deserving of the shock it has spawned. The flouting of...