The All Pakistan Textile Mills Association, Khyber Pakhtunkhwa region, on
Tuesday voiced reservations about the government’s new economic policy
and demanded financial package and relief in power and gas tariff for the
province’s textile units to save them from closure.
The demand was made during a meeting here with association chairman
Mohammad Taimoor Shah in the chair.
The other participants included Raza Kuli Khan Khattak, Sikandar Kuli Khan
Khattak, Usman Gul, Fazal Subhan, Mohammad Luqman, Taimoor Ahmad
and Malik Abdul Muqeet Khan. They discussed the textile industry’s problems and complained that the
industry was on the verge of closure as it was struggling to find buyers even
for cotton yarn.
The participants said the government was going to register taxpayers
through industrialists.
They said they regularly paid taxes and would continue contributing to
economy.
The participants asked the government to announce a relief package for the
sector.
They said from August 1, they would have to sell yarn to registered buyers
only and if such buyers weren’t there, millers would be in trouble.
The participants said bringing new people to the tax net was the
responsibility of the government but the CNIC condition for buyers would
bring economy to a standstill.
They said under the rules, the government should talk about registered
persons only or ask millers to sell their product to registered buyers only.
The participants called for incentives for selling textile products to registered
buyers, concessions in general sales tax and sales tax, and relief in gas and
power tariffs.
They said as Khyber Pakhtunkhwa was located away from the seaport and
market,
the government should announce a special relief package for its textile mills
to prevent their closure and joblessness of employees.
Source: The Dawn, Pakistan Wednesday, 24 July 2019