Pakistan Textile Exporters Seek Government Support

< p > > a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industry is the cornerstone of the national economy. The government gives priority to the payment of uninterrupted energy supply and tax rebate funds to ensure that Pakistan's textile industry can compete in the international market.

The economic managers of the new government should keep the smooth operation of the industry and do not make a compromise.

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< p > Pakistan is the fourth largest textile producing country in the world, < a href= "http://www.91se91.com/news/index_c.asp" > textile industry < /a >, accounting for 60% of the total export revenue to the whole country.

But the lack of electricity is putting greater pressure on Pakistan's fragmented and debt ridden textile economy.

Textile exporters in Pakistan put pressure on the incoming new government. They asked the incoming government to boost economic development as the highest priority, because Pakistan could not make any positive progress without any improvement in the economic downturn.

The energy crisis plus high interest rates, heavy tax burden and arrogant tax rebate mechanism not only hurt the growth and export of textile industry, but also push the existing industry to the risk of survival.

They believe that the textile sector has more hope for the new government, and the new government will be formed in the context of industry related.

The new government should give top priority to resolving industrial conflicts and overcoming the energy crisis.

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< p > lack of energy has become a major obstacle to industrial progress. The energy crisis and soaring inflation are stifling the textile industry.

In some cases, the power cut lasted for more than 12 hours a day, forcing bosses of Pakistan's a href= "http://www.91se91.com/news/" > weaving factory < /a > to turn off the lights and sell the textile machinery as waste products, resulting in tens of thousands of workers losing their jobs.

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Malik Amaru La Mani, a 31 year old MalikAmanullahMani, once had a family textile factory. He once belonged to the rich small crowd. They often patronized private clubs and ate in five star hotels. P

However, since the resumption of the electoral rules in Pakistan, the economic crisis has worsened in the past three years, resulting in the lack of power investment and the rampant theft of power grids, resulting in a daily blackout and a sharp rise in the cost of electricity.

Inflation has a serious impact on yarn prices, and mani has no choice but to sell his home loom.

In addition, the warehouse of the dealer was full of crushing machinery, while the workers waited in the weaving factory, and before the restoration of electricity, there was darkness everywhere.

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P, the industrial leader of the country, said electricity and gas shortages have forced hundreds of factories to close, and more factories will be closed.

There are about 2000 factories in Punjab province. About 800 of them are closed now, and more factories may be closed.

About 500 thousand workers in this province are out of work, and only about 100 thousand workers in the area are unemployed because of factory closures.

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(P) the natural gas supply cut off every Thursday and the prolonged forced blackout caused the textile industry to regress again, especially in the power weaving department. The basic sector of the textile industry began to shake, and hundreds of units were forced to close down, which was caused by a 16-18 hour power failure every day.

This crisis will continue and will seriously affect the future of the textile industry sector.

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< p > Garr ASI called on the new government to give priority to the uninterrupted energy supply to the textile industry to ensure the employment of 15 million people and the export earnings of US $14 billion.

Because of the current energy crisis, the textile industry has been severely hit by the deprivation of natural gas supply to the textile industry every Thursday.

The energy shortage has a negative impact on the production of < a href= "http://www.91se91.com/news/" > textile > /a >, mainly affecting exports, because the potential productivity of the textile industry is still USD 50%.

Because of the interruption of natural gas supply, factories have to lay off workers, and the unemployment index of the country is increasing every day.

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Garr P Ali believes that high interest rates impede investment in the national textile sector.

The textile industry is ready for re investment.

The new government should focus on ensuring that the textile industry can get liquid capital and promote the development of the national textile industry.

If the government can gather all stakeholders and negotiate with them to complete export policy, then the textile industry can upgrade from the current 13 billion US dollars to 20 billion US dollars.

We should remember the huge trade deficit of US $21 billion 271 million now, because in the 2011-12 fiscal year, Pakistan's total exports reached US $23 billion 641 million, and total imports reached US $44 billion 912 million.

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"P > this huge trade deficit has led to the depreciation of inflation and the Pakistan rupee," said Garr, Ali.

The government may study the export policies of India, China and Bangladesh, whose exporters are driven by favorable export policies.

The Federal Tax Commission should declare a friendly export policy instead of creating difficulties for the industrial sector.

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< p > Mohamed. Mr. SV believes that < a href= "http://www.91se91.com" > textile industry < /a > is the cornerstone of the national economy. The government gives priority to the payment of uninterrupted energy supply and tax refund funds, so as to ensure that they can compete in the international market.

The new government's economic managers should keep the industry running smoothly and not compromise.

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