Closure of textile mills annoys governor

Related Keywords: Pakistan Hosiery Manufacturers and Exporters Association, Pakistan textile exporters association, Power Loom Owners Association and Pakistan Sweater Exporters Association, Textile mills

Mumbai
Summary: 
Aptma Chairman Aamir Fayyaz made a detailed presentation on the existing state of affairs in the Punjab-based textile industry. He said the regional competitors were competing Pakistan ahead due to the timely interventions by their governments. The presentation also highlighted a huge difference in cost of production in Pakistan compared to the regional countries. He said the government should immediately address the energy cost issues by ensuring uniformity in prices, i.e., electricity at Rs7 per kWh and LNG at Rs600 per MMBTU. He also seeked an immediate release of stuck sales tax refunds of the industry.

Aptma Chairman Aamir Fayyaz made a detailed presentation on the existing state of affairs in the Punjab-based textile industry. He said the regional competitors were competing Pakistan ahead due to the timely interventions by their governments. The presentation also highlighted a huge difference in cost of production in Pakistan compared to the regional countries. He said the government should immediately address the energy cost issues by ensuring uniformity in prices, i.e., electricity at Rs7 per kWh and LNG at Rs600 per MMBTU.

https://nation.com.pk/23-Mar-2018/textile-mills-closures-rile-governor
0
 
Let Us Know Your Need
click here icon
 
Pricewatch Enquiry
Name
Company
Phone
Email
Country
 
Word Verification
 
News & Views
China stops exporting black clothes to Hong Kong  
  23 Oct , 2019 Read full story  
Clothing rental app tackling fast fashion  
  23 Oct , 2019 Read full story  
Cotopaxi launch in UK marks Europe debut  
  23 Oct , 2019 Read full story  
 
Prices
 
Market Intelligence
  • Polyester Intelligence
    YnFx's Polyester Intelligence Service consolidates all the information at a click. This service provides the following:
    • Daily Price Trends
    • News & Views
    • Weekly Prices on Polyester Chain
    • Price Forecast Covering 3 Regions
    • Spun Yarn Exports from India
    • Polyester Chain - Demand/Supply Statistics
 
Special Reports
 
Country Reports
  •  
    Who have subscribed this report
    Live Chat online
    feedback button