FAISALABAD :The government strongly believes that
economic revolution in the country can only be possible through trade promotion
and all possible support to export sector is being extended to achieve optimum
growth. Textile industry is the backbone of economy and remedial measures are
being taken to save this sector.
These views were expressed by Haji
Muhammad Akram Ansari, Minister of State for Commerce and Textile Industry,
while addressing the 31st annual general meeting of Pakistan Textile Exporters
Association. He said that government is fully committed to expedite growth of
commerce to maximum possible level by using all available means. Prime
Minister''s package has helped in attaining competitive edge in international
market.
He underlined the need for serious and
well-planned efforts for increasing value-addition especially in textile sector
for capturing more share in the regional and international markets. With
support of the masses, we will overcome the challenges being faced by the
country, he said and added that future of Pakistan is very bright and all
resources will be mobilize for converting Pakistan according to wishes and
dreams.
Addressing the members, Provincial
Minister for Commerce, Trade and Industries Sheikh Allauddin said that
government is committed to imparting all possible facilities to the business
community as it is playing a major role in bringing economic stability. No
country could achieve economic targets without the due role of exporters;
therefore government is making all-out efforts to overcome export
challenges.
Earlier, newly elected Chairman PTEA
Shaiq Jawed, addressing the participants, said that rising cost of doing
business has not only stalled fresh investment in the textile industry but have
also hampered the export growth. Govt should devise a comprehensive strategy to
counter the issue in order to accelerate the industrial pace and also to save
livelihood of millions of workers.Pakistani exports are under pressure due to
prevailing economic financial, industrial crisis in the country as well as
persistently high cost of production, heavy burden of taxes and high energy
cost which are badly affecting the industrial and trade activities and
productivity output.
He appreciated the successful efforts
of outgoing team in resolving the issues confronting exports.Outgoing Chairman
Ajmal Farooq, presenting his annual report, said that despite big challenges,
it was wonderful experience representing as chairman of the country''s premier
association of textile manufacturers and exporters. During the year, utmost
efforts were made to look after the trade related issues of members by
advocating their voice at appropriate forums.
He termed the Prime Minister''s package
and payment of long outstanding refunds as positive which will definitely help
to accelerated industrial pace in the country. Notwithstanding the fact that
Pakistan''s economy has lost significant momentum, our exporters have held their
ground against heavy odds and achieved the export targets. He expressed the
hope that new team will continue the efforts to strengthen the linkages with
the local and international businesses to promote and protect the interests of
textile industry.Later, shields and photo albums were presented to the outgoing
chairman. Large number of textile exporters attended the meeting.He appreciated the successful efforts of outgoing team in resolving the issues
confronting exports.
Outgoing Chairman Ajmal Farooq, presenting his annual report,
said that despite big challenges, it was wonderful experience representing as
chairman of the country''s premier association of textile manufacturers and
exporters. During the year, utmost efforts were made to look after the trade
related issues of members by advocating their voice at appropriate forums.
He termed the Prime Minister''s package and payment of long outstanding refunds
as positive which will definitely help to accelerated industrial pace in the
country. Notwithstanding the fact that Pakistan''s economy has lost significant
momentum, our exporters have held their ground against heavy odds and achieved
the export targets. He expressed the hope that new team will continue the
efforts to strengthen the linkages with the local and international businesses
to promote and protect the interests of textile industry.Later, shields and
photo albums were presented to the outgoing chairman. Large number of textile exporters
attended the meeting.
Source: The Nation, Pakistan Saturday, 23 September 2017